It Is Important to Promptly Notify the Obligor That an Assignment

question 19

Multiple Choice

It is important to promptly notify the obligor that an assignment has occurred.Why?

• A)It is a necessary requirement for a valid assignment.
• B)The obligor might perform to the assignor rather than the assignee.
• C)The obligor's duty to perform is completely discharged.
• D)If the obligor neither knew nor had reason to know about the assignment,the obligor remains liable to the assignee.

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Definitions:

Online Marketplace

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Third Parties

External entities or individuals that are not directly involved in a transaction or contract between two principal parties but may play a role in the arrangement, such as suppliers, intermediaries, or partners.

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