Asked by Neisha Taylor on May 08, 2024
Verified
In general, an assignment includes an implied warranty that the assignor who receives value will do nothing to defeat or impair the assignment once it is delivered.
Implied Warranty
A legal assumption in commerce that the goods or services sold meet certain quality standards, even if not explicitly stated by the seller.
Assignment
The transfer of rights, property, or obligations from one party to another.
- Understand the fundamental concepts of assignments and delegations in contract law.
- Comprehend the role of consideration in the effectiveness of an assignment.
Verified Answer
ZK
Zybrea KnightMay 11, 2024
Final Answer :
True
Explanation :
An implied warranty in an assignment means that the assignor, especially when they receive value for the assignment, guarantees not to take any actions that would defeat or impair the rights being transferred to the assignee. This ensures the assignee receives the full benefit of the rights assigned.
Learning Objectives
- Understand the fundamental concepts of assignments and delegations in contract law.
- Comprehend the role of consideration in the effectiveness of an assignment.
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