A Statutory Assignment Is "Subject to the Equities

question 31

True/False

A statutory assignment is "subject to the equities." That means that even if the requirements for a statutory assignment have been satisfied, it will be enforced only if a court believes that, in light of all of the circumstances, it would be fairer for the assignee, rather than the debtor, to win the case.

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Definitions:

Group Project

A task or piece of work assigned to a team of individuals who work collectively to complete it.

Deadline

A specific time or date by which a task must be completed or submitted.

Stress

A condition of emotional or psychological stress caused by challenging or difficult situations.

Pressure

The feeling of stress or tension that arises from challenging situations or the expectation to perform at a certain level.