In General, an Assignment Includes an Implied Warranty That the Assignor

question 43

True/False

In general, an assignment includes an implied warranty that the assignor who receives value will do nothing to defeat or impair the assignment once it is delivered.

---

Definitions:

Capital Lease

A lease agreement in which the lessee essentially acquires all the risks and rewards of ownership, akin to a financial purchase.

Operating Lease

A leasing agreement for the use of an asset, where the lessee does not assume the risk of ownership.

Benefits and Risks

An assessment of the positive outcomes (benefits) and potential negative outcomes (risks) associated with a decision or action.

Straight-Line Amortization

A method of allocating the cost of an intangible asset over its useful life in equal installment.