Which of the Following States That in the Case of Multiple

question 13

Multiple Choice

Which of the following states that in the case of multiple assignments of the same right,the first party granted the assignment is the party correctly entitled to the contractual right?

• A) The first-assignment-in-time rule
• B) The last-assignment-in-time rule
• C) The English rule
• D) The French rule
• E) The American rule

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Definitions:

Pound Sterlings

The official currency of the United Kingdom, commonly known as the pound and denoted by GBP, which is one of the world's major currencies.

Bonds

Debt securities issued by entities such as governments or corporations to finance projects or operations, with the promise to repay the principal along with interest.

Open Economy

An economy that engages in international exchange of goods, services, and capital by allowing cross-border trade and investment.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a specific time period, used as an indicator of economic health.