The Making of an Assignment Relieves the Assignor of Any

question 37

True/False

The making of an assignment relieves the assignor of any and all obligations existing under the original contract.

---

Definitions:

Start-Up Cost

Initial expenses required to establish a business, including equipment, permits, and marketing.

Absolute Control

A situation where all power and decisions rest with one entity or individual, without any external influences or checks.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

Sole Proprietorship

A business structure where a single individual owns and operates the business, bearing full responsibility for its assets and liabilities.