An Assignee's Rights Are Subject to the Defenses That the Obligor

question 48

True/False

An assignee's rights are subject to the defenses that the obligor has against the assignor.

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Definitions:

Misdemeanor

A criminal offense that is less severe than a felony, often punishable by fines or a short term in jail.

Strict Liability

A legal principle that makes an individual or organization accountable for their actions or products, eliminating the requirement for the plaintiff to demonstrate negligence or fault.

Insider Trading

Illegal buying or selling of a corporation's stock or other securities by individuals with access to nonpublic, material information about the company.

Tipping

Giving money to someone for their service, more than what is due for the service itself.