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

Question

Quizplus · Accepted Answer

A)Most centrally planned economies,such as China,permit only limited
assignability.When a contract is with the state,approval by the proper state authority must first be obtained unless the contract allows for assignments.If the contract is with a private party,the assignor must first get the obligor's approval before an assignment can be made.
B)Most centrally planned economies,such as China,permit only limited assignability.When a contract is with the state,approval by the proper state authority must first be obtained unless the contract allows for assignments.If the contract is with a private party,the assignor must first get the obligor's approval before an assignment can be made.
C)Most centrally planned economies,such as China,permit only limited assignability.When a contract is with the state,approval by the proper state authority must first be obtained unless the contract allows for assignments.If the contract is with a private party,the assignor must first get the obligor's approval before an assignment can be made.

Which of the Following Is True Regarding Assignment of Rights