Which of the Following Rules Applies to an Equitable Assignment

question 57

Multiple Choice

Which of the following rules applies to an equitable assignment?

• A)The assignment must be written.
• B)The assignment must be placed under seal.
• C)The assignment must be unconditional.
• D)The assignment is valid only once the debtor is given written notice.
• E)The assignee takes the assignor's rights subject to the equities.

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Definitions:

Per Capita

A method of distributing an estate where each recipient receives an equal share of the property.

Constructive Trust

An equitable remedy imposed by a court to rectify unjust enrichment or wrongful conduct, transferring property to someone rightfully entitled to it.

Corpus

In law, a term referring to the principal amount of a fund or estate; in linguistics, a collection of written texts used for language research.

Executor

An individual appointed in a will who is responsible for executing the deceased's estate according to the will's directives.