A Contract Stating "I Assign All of My Rights Under

question 53

True/False

A contract stating "I assign all of my rights under the contract" will generally be construed to be an assignment of rights but not duties.

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Definitions:

Equilibrium

A state in which market demand is equal to market supply, with no external forces causing disruption, leading to a stable price and quantity.

MPs

Members of Parliament, individuals elected to represent constituencies in the legislative body of a parliamentary government.

Wage Rate

The standard amount of compensation paid to employees per unit of time worked, such as an hour or a year.

Firms

Businesses or companies that produce goods or provide services in exchange for monetary profit.