Asked by George Maillard Jr. on Apr 29, 2024
Verified
The obligor need not receive notice for an assignment to be valid.
Obligor
An individual or entity that is legally bound to fulfill an obligation, such as making a payment or performing a service, under a contract.
Notice
Formal information or warning given to a person or public about an event, decision, or action.
Assignment Valid
Refers to the legal transfer of one party's rights and benefits under a contract to another party, recognized as legitimate and binding.
- Explain the entitlements of obligors and assignees post-assignment.
Verified Answer
EM
Eriah MooreApr 30, 2024
Final Answer :
True
Explanation :
For an assignment to be valid, notice to the obligor is not a requirement; the assignment's validity is established between the assignor and assignee. However, notifying the obligor can protect the assignee's rights and ensure proper performance.
Learning Objectives
- Explain the entitlements of obligors and assignees post-assignment.