If the Obligor Is Notified in Any Manner That There

question 30

True/False

If the obligor is notified in any manner that there has been an assignment and that any money due must be paid to the assignee,the obligor's obligation can be discharged only by making payment to the assignee.

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Definitions:

Implies

Suggests or indicates something without expressing it directly.

Draws

In a financial context, it refers to a type of credit advance or salary payment made against future earnings or revenue.

Check

A written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.

Impostor

An individual who deceives others by assuming a false identity or title, often to gain certain advantages, access, or to commit fraud.