If a Person Assigns the Same Contract Rights to More

question 46

Multiple Choice

If a person assigns the same contract rights to more than one assignee,the majority of courts would decide that:

• A)The first assignee to give notice would prevail.
• B)The first assignee to be assigned the rights would prevail.
• C)The first assignee to file a lawsuit would prevail.
• D)The first assignee to collect would prevail.
• E)The assignee who paid the most would prevail.

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Definitions:

Motivated Forgetting

A theoretical concept suggesting that people may forget unwanted information, either consciously or unconsciously, as a defense mechanism.

Time Decay

The reduction in value of an option or other derivative as the expiration date approaches.

Retroactive Interference

A phenomenon where newly learned information interferes with the recall of previously learned information.

Proactive Interference

The tendency for previously learned material to hinder subsequent learning.