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Valence Refers to The

question 52

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Valence refers to the:

Understand the rights and obligations of assignors, assignees, obligors, and obligees in the context of assigned contracts.
Recognize the legal consequences of not notifying parties involved in an assignment.
Comprehend the specific situations when special types of contracts (e.g., negotiable instruments, personal service contracts, insurance policies) have unique rules for assignment and delegation.
Be aware of the legal remedies available to parties when a contract is breached by one of the parties or when a third party beneficiary's rights are violated.

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