Asked by
Yoshimi Salazar
on Nov 27, 2024
Verified
The unconditional assignment of rights under a contract extinguishes any defenses that the obligor had against the assignor.
Unconditional Assignment
A legal transfer of all rights and interests in a policy or contract to another party without any conditions.
Obligor
An individual or entity legally bound to provide a payment or perform a service under the terms of a contract.
Defenses
Legal reasons or arguments that can be used by a defendant to challenge a lawsuit in court.
- Determine the outcomes of assigning or delegating responsibilities on obligors, assignees, and delegators.
- Comprehend the implications of assigning rights or duties on the primary responsibilities and privileges of the initial parties.
Verified Answer
KW
Learning Objectives
- Determine the outcomes of assigning or delegating responsibilities on obligors, assignees, and delegators.
- Comprehend the implications of assigning rights or duties on the primary responsibilities and privileges of the initial parties.