Which of the Following Must Hold for an Assignment to Become

question 13

Multiple Choice

Which of the following must hold for an assignment to become effective?

• A) The assignor must promise to make the assignment some time in future.
• B) The assignee must manifest his acceptance under most circumstances.
• C) The contract itself must preclude assignment.
• D) The assignor must purchase the right to receive income from another.
• E) The obligor must become the delegatee of the assignment.

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Definitions:

Tort

An action that causes harm or injury to another person.

Estoppel

A legal principle that prevents someone from arguing something contrary to a claim they previously made or an action they took.

Authority

The right or power to act or to make a decision.

Third Party

An individual or group aside from the two primarily involved in a situation, agreement, or transaction, often providing additional services or playing a neutral role.