Asked by Abigail Small on Apr 29, 2024
Verified
If Jackson transfers his business accounts receivable in the general course of business to Friendly Finance Company,Friendly would be considered the assignor.
Assignor
A person who assigns rights or delegates duties under an assignment.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
General Course
A broad educational path focusing on a wide range of subjects or skills.
- Understand the legal principles governing the assignment and delegation of duties under contract law.
Verified Answer
MD
Moritz DaxböckMay 06, 2024
Final Answer :
False
Explanation :
The question states that Jackson is transferring his accounts receivable to Friendly Finance Company, which would make Friendly Finance Company the assignee, not the assignor.
Learning Objectives
- Understand the legal principles governing the assignment and delegation of duties under contract law.