When Is an Assignment Valid and Enforceable Against an Obligor

question 7

Multiple Choice

When is an assignment valid and enforceable against an obligor?

• A)from the moment the assignment is made
• B)from the moment the obligor signs the contract
• C)from the moment the assignee gives consideration
• D)from the moment the obligor is notified of the assignment

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Definitions:

Money Supply

The total fund of money available in an economy at a fixed point in time.

Interest Rate

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.

Aggregate Demand

The comprehensive demand for every type of good and service within an economy, identified at a given price level and time period.

Investment

is the allocation of resources, usually money, in expectation of earning a future return.