Which Statement Below Is NOT True with Respect to the Rights

question 48

Multiple Choice

Which statement below is NOT true with respect to the rights of an assignee and assignor?

• A)Assignees essentially fill in for the assignor as the legal recipient of contractual duties.
• B)Assignees are offered more protection than assignors.
• C)When an assignor transfers rights to an assignee,the assignor legally gives up all rights he or she previously had to collect on the contract.
• D)The obligor may raise any of the same defenses for nonperformance against the assignee that he would have been able to raise against the assignor.
• E)Assignees acquire the same contractual duties that were held by the assignor.

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