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:

Canadian T-Bills

Short-term government securities issued by the Canadian government, considered low-risk investments.

Egyptian Pounds

The official currency of Egypt, denoted as EGP, and divided into smaller units called piastres.

Exchange Rates

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.

Japanese Yen

The official currency of Japan, commonly used in international finance transactions.