It Is Important to Promptly Notify the Obligor That an Assignment

question 19

Multiple Choice

It is important to promptly notify the obligor that an assignment has occurred.Why?

• A)It is a necessary requirement for a valid assignment.
• B)The obligor might perform to the assignor rather than the assignee.
• C)The obligor's duty to perform is completely discharged.
• D)If the obligor neither knew nor had reason to know about the assignment,the obligor remains liable to the assignee.

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Definitions:

Factory Payroll

The total amount of wages and salaries payable to employees working in the manufacturing operations of a company.