When is an assignment valid and enforceable against an obligor?
A)from the moment the assignment it is made
B)from the moment the obligor signs the contract
C)from the moment the assignee gives consideration
D)from the moment the obligor is notified of the assignment

Question

Quizplus · Accepted Answer

An assignment is valid and enforceable against an obligor from the moment the obligor is notified of the assignment. This is because the obligor needs to know who to pay, and if they are not notified of the assignment, they may continue to pay the original assignor. Once notified, the obligor has a legal duty to pay the assignee, and the assignment becomes enforceable.

When Is an Assignment Valid and Enforceable Against an Obligor