A Party to a Contract Will Not Be Obligated by an Assignment

question 29

Multiple Choice

A party to a contract will not be obligated by an assignment made by the other party without his or her knowledge until

• A) recorded.
• B) stamped.
• C) notified.
• D) rejected.

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Definitions:

Market-Pricing Relationship

Economic relationships defined by the exchange of goods or services for monetary value, influenced by supply and demand dynamics.

Goods

Physical items that are produced for sale or to be used.

Distrust

The feeling of skepticism or lack of confidence in the reliability or integrity of someone or something.

Today's Economy

The current state and dynamics of financial systems and markets globally or within specific countries, including trends and challenges.