Which of the Following Statements About an Assignment Is True

question 85

Multiple Choice

Which of the following statements about an assignment is true?

• A)For an assignment to be valid,the assignee must be aware of the nature and extent of any defenses that the party liable on the contract might have against the assignor.
• B)For an assignment to be valid,the assignee must be put on notice of what rights she is getting from the assignment.
• C)The assignee of a contract can obtain no greater rights than the assignor had at the time of the assignment.
• D)An assignment only transfers benefits,not liabilities.

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Definitions:

Net Operating Income

Net Operating Income (NOI) is a financial metric that calculates a company's income after all operating expenses, excluding taxes and interest, have been deducted from total revenue.

Salesvolume

Sales volume refers to the number of units of a product or service sold by a company in a specified period.

Pay Period

The span of time over which an employee's work hours are recorded and paid.

Class Average

The mean score of a group of students in a particular class or subject.