Which of the following statements is TRUE?
A) As long as the required formalities are satisfied, any contractual obligation can be assigned by using either a statutory assignment or an equitable assignment.
B) All common law provinces and territories allow statutory assignments, but only some of them allow equitable assignments.
C) An assignee acquires rights against the debtor only if it provides new consideration to the debtor.
D) If there are two assignees of the same debt, a court will always favour the assignee that received its assignment first.
E) The parties to a contract may agree at the outset that the rights that arise under their agreement cannot be the subject of assignment.
Correct Answer:
Verified
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