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:

Economic Profit

The separation between total proceeds and cumulative costs, covering both explicit financial outlays and implied expenses.

Opportunity Costs

The loss of potential gain from other alternatives when one particular alternative is chosen over others.

Marginal Revenue

The supplementary income produced through the sale of an extra unit of a product or service.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.