If the Assignee Fails to Provide Notice of Assignment to the Obligor

question 33

True/False

If the assignee fails to provide notice of assignment to the obligor and the obligor continues to render performance to the assignor, the assignee can sue the obligor.

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Definitions:

Negligence

The failure to exercise the care that a reasonably prudent person would under similar circumstances, resulting in unintended harm to others.

Partner's Liability

The legal responsibility held by partners in a partnership to cover the business's debts and other financial obligations.

Partnership Agreement

A contract between partners in a partnership which outlines the terms and conditions of the relationship between the partners.

Judgment

A formal decision or order given by a court that resolves a legal dispute between parties and may involve the awarding of damages or the imposition of sanctions.