Which Rule States That in the Case of Multiple Assignments

question 6

Multiple Choice

Which rule states that in the case of multiple assignments of the same right,the first assignee to give notice of assignment to the obligor is the party with rights to the contract?

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

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Definitions:

Controlling Costs

The practice of monitoring and managing expenses to keep them within budget and optimize financial performance.

Product Costing

The process of determining the total cost involved in manufacturing a product, including materials, labor, and overhead costs.

Theoretical Standards

Optimally set benchmarks based on perfect conditions for performance and efficiency.

Motivate Employees

The process of encouraging employees to perform at their best through incentives, positive workplace culture, and recognition.