Asked by Oriana Gallardo on Jul 12, 2024
Verified
After a transfer to a creditor by an investor of a right to receive payments on a business loan, the creditor can demand those payments from the borrower.
Business Loan
A loan specifically intended for business purposes, where funds are lent to a business entity in exchange for future repayment of the loan principal amount along with interest or other finance charges.
Investor
An individual or entity that allocates resources with the expectation of achieving a financial return.
Creditor
An individual or entity that is owed money or has a claim to the assets of a debtor.
- Understand the repercussions of assignment or delegation for the parties involved, specifically obligors, assignees, and delegators.
- Perceive the impact of delegating responsibilities or rights on the basic obligations and rights of the initial parties involved.
Verified Answer
Learning Objectives
- Understand the repercussions of assignment or delegation for the parties involved, specifically obligors, assignees, and delegators.
- Perceive the impact of delegating responsibilities or rights on the basic obligations and rights of the initial parties involved.
Related questions
On a Delegation of Contract Duties, the Delegator Is Absolved ...
Carl, a Contractor, and Lyle, a Landowner, Have a Contract ...
The Delegation of a Duty Still Leaves the Delegator Responsible ...
Richard Owes a Duty to Carla and Richard Delegates the ...
A(n) __________ Is a Method of Discharging a Contract in ...