An Assignee of a Contract Can Bring Suit on the Contract

question 12

True/False

An assignee of a contract can bring suit on the contract only in the name of the assignor.

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Definitions:

External Financing Needed

The amount of funding a company needs to support its operations and growth activities, beyond what can be generated internally.

Fixed Assets

Long-term tangible assets that are used in the operations of a business, such as buildings and machinery.

Net Working Capital Turnover

A measure of how effectively a company uses its net working capital to generate sales.

Total Fixed Assets

The combined value of all long-term assets that a company owns, which are not expected to be converted to cash within a year.