Which of the following is true regarding assignment of rights in China?
A) Free assignment of rights is permitted.
B) Free assignment of rights is permitted only when a contract with a state authority is involved.
C) Free assignment of rights is permitted only when a contract with a private party is involved unless the contract is one considered "for the good of the people."
D) Assignment of rights is illegal.
E) When a private party is involved, the assignor must first get the obligor's approval before an assignment is made.

Question

Quizplus · Accepted Answer

In China, the assignment of rights typically requires the obligor's approval when the assignment involves a private party. This ensures that the obligor is aware of and agrees to the change in the party to whom the rights are assigned, maintaining the contractual balance and protecting the interests of all parties involved.

Which of the Following Is True Regarding Assignment of Rights