Which of the following statements is TRUE?
A) Even if the parties satisfy all of the usual requirements, rights under some types of contracts cannot be assigned.
B) If there are two assignees of the same debt, a court will always favour the assignee that received its assignment first.
C) As long as the required formalities are satisfied, a contractual obligation can generally be assigned by using either a statutory assignment or an equitable assignment.
D) All common law provinces and territories allow statutory assignments, but only some of them allow equitable assignments.
E) An assignee acquires rights against the debtor only if it provides new consideration to the debtor.
Correct Answer:
Verified
Q26: Lewis is a wealthy entertainer. While watching
Q27: The traditional doctrine of estoppel, rather than
Q28: Cookie entered into a contract with Muhammad.
Q29: Gabriel entered into a contract with Paradise
Q30: Patricia and Charlie entered into a written
Q32: JB Inc sold a piece of equipment
Q33: Which of the following statements is TRUE?
A)
Q34: Which of the following situations illustrates a
Q35: Deecey renovated Reece's shop in exchange for
Q36: Which of the following refers to a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents