Which of the following statements about gratuitous assignments is false?
A)A gratuitous assignment is one where the assignee gives no value.
B)A gratuitous assignment is generally revocable until the obligor satisfies the obligation.
C)A gratuitous assignment can be revoked by a notification of revocation given by the assignor to the assignee.
D)A gratuitous assignment will not be revoked upon the assignor's death or incapacity.

Question

Quizplus · Accepted Answer

Gratuitous assignments (those for which the assignee gives no value)are generally revocable until such time as the obligor satisfies the obligation,however.They can be revoked by the assignor's death or incapacity or by notification of revocation given by the assignor to the assignee.

Which of the Following Statements About Gratuitous Assignments Is False