Notice of an assignment:
A) cuts off any defenses based on subsequent agreements between the obligor and assignor.
B) does not prevent subsequent setoffs of the obligor that arise out of separate matters.
C) does not bar subsequent counterclaims of the obligor that arise out of separate matters.
D) has no effect on defenses based on subsequent agreements between the obligor and assignor or on subsequent setoffs and counterclaims of the obligor that arise out of separate matters.

Question

Quizplus · Accepted Answer

Notice of an assignment to the obligor effectively cuts off any defenses the obligor might have based on subsequent agreements with the assignor, as the obligor's rights and obligations are now directed towards the assignee.

Notice of an Assignment