When a Partial Assignment Is Made, the Obligor May Require

question 38

True/False

When a partial assignment is made, the obligor may require all the parties entitled to the promised performance to litigate in one action any issues concerning the contract performance.

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Definitions:

Payment Due

The amount of money that must be paid by a certain date to avoid incurring late fees or default.

Year End

The end of a fiscal year or accounting period, at which time companies summarize financial activities.

Spot Rate

The current market price used to directly exchange one currency for another, for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date.