Asked by Bobby Ramoz on May 21, 2024
Verified
Which of the following statements is false regarding the rights of assignees and assignors?
A) Assignees essentially fill in for the assignor as the legal recipient of contractual duties.
B) Assignees acquire the same rights as those of the assignor.
C) Assignees are entitled to greater contractual protections than those afforded assignors.
D) The obligor may raise any of the same defenses for nonperformance to the assignee that he would have been able to raise against the assignor.
E) When an assignor transfers rights to an assignee,the assignor legally gives up all rights she previously had to collect on the contract.
Assignees
Parties to whom rights or properties have been legally transferred, particularly used in contexts involving contracts or estates.
Assignor
An assignor is a person or entity that transfers rights or interests in a particular property, contract, or other asset to another party, called the assignee.
Obligor
A contractual party who agreed to do something for the other party.
- Understand the basic concepts and legal implications of assigning contractual rights and duties.
Verified Answer
SM
Sabrina MitchellMay 23, 2024
Final Answer :
C
Explanation :
When an assignor transfers her rights to an assignee,the assignor legally gives up all rights she previously had to collect on the contract.The assignee essentially fills in for the assignor as the legal recipient of the contractual duties.As such,the assignee acquires the same rights the assignor had.The assignee is offered no additional protections.Moreover,the obligor may raise any of the same defenses for nonperformance to the assignee as he would have been able to raise against the assignor.
Learning Objectives
- Understand the basic concepts and legal implications of assigning contractual rights and duties.