Assignments That Materially Increase the Risk, Duty, or Burden on the Obligor

question 54

True/False

Assignments that materially increase the risk, duty, or burden on the obligor will nonetheless remain effective and enforceable.

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Definitions:

Self-Directed Giving

A philanthropic approach where donors independently select and support causes or organizations without intermediary influence or direction.

Nucleus Fund

A central pool of money that serves as the foundational investment to start or significantly support a project or venture.

Quiet Phase

The quiet phase is an initial period in fundraising, especially in capital campaigns, where funds are raised silently among key supporters and stakeholders before a public announcement.

Religious Organizations

Institutions dedicated to the practice and propagation of religious beliefs, serving as centers for worship, community, and spiritual guidance.