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:

Expected Rate

The projected or anticipated rate of return on an investment over a specific period.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Marginal Efficiency

The additional benefit received from consuming or producing one more unit of a good or service.

Capital

Refers to any financial asset, including cash, equipment, and buildings, used in production of goods or services.