Which of the Following Is NOT One of the Implied

question 14

Multiple Choice

Which of the following is NOT one of the implied warranties that the assignor gives to the assignee?

• A)That the obligor has capacity to contract.
• B)That the contract is not voidable for any reason known to the assignor.
• C)That the assignor has good title to the rights assigned.
• D)That the obligor is solvent.

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Definitions:

Basic Scientific

Refers to fundamental research that aims to increase our understanding of basic principles and facts without immediate practical application in mind.

Total R&D

Refers to the sum of research and development expenditures by a company, government, or the entire economy over a specific period.

Financing Start-Up

The process of obtaining capital through various means to fund the initial operations and growth of a new business venture.

Spread of Innovation

The process by which new ideas, practices, or products gain acceptance and are utilized by individuals, organizations, or societies.