A Creditor Has Assigned a Debt to a Collection Agency

question 17

True/False

A creditor has assigned a debt to a collection agency.As an assignee,the collection agency is not a party to the original contract and is therefore barred under the doctrine of privity from acquiring any rights to own the debt under it.

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Definitions:

Plumule

The embryonic shoot apex, or terminal bud, located above the point of attachment of the cotyledon(s).

Radicle

The part of a plant embryo that develops into the primary root during seed germination.

Values

Fundamental beliefs or standards that guide behaviors and decisions in a society or individual.

Ideals

Principles or values that one actively pursues as goals or standards of perfection.