Whether a transfer is by assignment or by negotiation, the transferee acquires the rights the transferor had.

Question

Quizplus · Accepted Answer

This statement is true. When a transfer is made either by assignment or by negotiation, the party receiving the transfer acquires the same rights that the party making the transfer had in the underlying asset or property. This is a fundamental principle of contract law and is recognized in most legal systems around the world.

Whether a Transfer Is by Assignment or by Negotiation, the Transferee