Which of the Following Statements Is TRUE

question 78

Multiple Choice

Which of the following statements is TRUE?

• A)An assignee under an equitable assignment acquires its rights "subject to the equities," but an assignee under a statutory assignment does not.
• B)If the parties have tried,but failed,to create a statutory assignment,they cannot rely on an equitable assignment.
• C)An equitable assignment is valid only if it is unconditional and complete.
• D)An assignment of contractual rights sometimes is created by operation of law and without regard to the assignor's intention.
• E)The doctrine of vicarious performance is a type of assignment.

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Definitions:

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.

Euros

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

Downsloping

Describes a line or curve on a graph that proceeds from upper left to lower right, often used in economics to represent the decrease in demand as prices increase.

Foreign Exchange Market

The global marketplace for buying and selling national currencies, determining exchange rates.