The Assignor Impliedly Warrants to the Assignee That the Obligor

question 67

True/False

The assignor impliedly warrants to the assignee that the obligor has capacity to contract.

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Definitions:

Productivity Growth

The increase in the efficiency of production in an economy, often measured by the output per unit of input over time.

Disposable Income

After-tax income. Term applies to individuals and to the nation.

Welfare Rolls

A list or register of individuals who are receiving welfare benefits provided by a government.

Hours Per Year

A measure of the amount of time expressed in hours over the course of a year, often used in the context of work hours or operational hours.