An Obligor May Assert Rights of Setoff Arising Out of Entirely

question 19

True/False

An obligor may assert rights of setoff arising out of entirely separate matters that he might have against the assignor, as long as the matters arose before he had notice of the assignment.

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Definitions:

Ethics Compliance Officers

Professionals responsible for ensuring that an organization's actions are in line with legal standards and ethical practices within their industry.

Fraud

The intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right, often involving financial transactions.

Employee Training

A program designed to enhance the knowledge and skills of employees, improving their performance and efficiency.

Rationalize

To attempt to justify with logical reasons, even if these are not appropriate or relevant.