For Which of the Following Should You Use the Indirect

question 18

Multiple Choice

For which of the following should you use the indirect strategy?

• A)inquiries
• B)positive responses to claims
• C)requests
• D)none of these

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Definitions:

Novation

The act of replacing an obligation to perform with a new obligation, or substituting a new party into an existing contract.

Successive Assignments

The process of transferring rights or duties from one party to another over a series of transactions.

Obligor

The party in a contractual agreement who is bound or obligated to perform a duty or payment to the obligee.

Assignee

A person or entity to whom rights or interests have been transferred by another, usually under the terms of a contract.