An Assignee's Rights Are Subject to the Defenses That the Obligor

question 48

True/False

An assignee's rights are subject to the defenses that the obligor has against the assignor.

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Definitions:

Issue

Lineal descendants such as children and grandchildren. This category of persons includes adopted children.

Interested Party

An individual or group that has an interest in any decision or activity of an organization, including shareholders, creditors, or employees.

Present Interest

A right to immediately use, possess, or enjoy property or income.

Testator's Property

Assets owned by an individual who has made a will, to be distributed after their death.