Under the "American Rule" Governing Successive Assignments,the First Assignee in Time

question 27

True/False

Under the "American rule" governing successive assignments,the first assignee in time has the superior right.

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Definitions:

C.O.D. Contract

Contract of "Cash On Delivery" where payment for goods is made at the time of delivery rather than in advance.

Privity of Contract

A legal concept that restricts the parties who can sue or be sued under a contract to those who are a part of the contract agreement.

Consumer Transactions

Business dealings or trade between sellers and individuals who are purchasing for personal, family, or household use.

Sale of Goods Act

Legislation regulating the sale of goods, ensuring standards for transactions, the quality of goods, and the rights of buyers and sellers.