Asked by Camila Cervantes on Jun 30, 2024
Verified
Consideration is not required for an assignment to be effective.
Consideration
Something of value exchanged between parties to form a binding contract.
Assignment
The transfer of rights or responsibilities from one party to another, typically in a contractual context.
- Discern the contribution of concentration to the efficacy of an assignment.
Verified Answer
MB
Mohammed BinhowidyJul 07, 2024
Final Answer :
True
Explanation :
Consideration is not a necessary element for an assignment to be effective because an assignment is essentially the transfer of a right from one party to another, and does not require the exchange of value to be valid.
Learning Objectives
- Discern the contribution of concentration to the efficacy of an assignment.
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