With Regard to the Law Governing Privity of Contract and Assignment,which

question 121

Multiple Choice

With regard to the law governing privity of contract and assignment,which of the following is false?

• A) Where the assignor assigns the same debt to two or more persons, if the promisor (debtor) pays out, in good faith, to the first assignee to give him notice, he has no further obligation.
• B) If a promisor (debtor) accidentally pays out to the assignor after receiving notice of the assignment, he is free from any obligation to the assignee; the assignee must look to the assignor for payment.
• C) A statutory assignment is easier to enforce than an equitable assignment.
• D) An exception to the doctrine of privity of contract is a contract granting an interest in land.
• E) "Novation" refers to the ending of the original contract and entering into a new contract with changes in terms, such as substituting one party for another.

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Definitions:

Happy Childhood

A period in a person's early life characterized by happiness, joy, and nurturing experiences that contribute to their overall well-being and development.

Professional Psychologists

Practitioners specialized in the study of behavior and mental processes, often providing mental health care, assessments, and therapy.

Flow Experiences

The state of full immersion and enjoyment in an activity, characterized by a balance between skill and challenge.

Leisure Time

Free time spent away from business, work, domestic chores, and education, as well as necessary activities such as eating and sleeping.