Which of the following is NOT true concerning the requirements for an effective assignment?
A) Consideration is required.
B) The assignment must be voluntary.
C) There must be an intention to make the assignee the owner of the right.
D) The assignment may be either written or oral.

Question

Quizplus · Accepted Answer

Consideration is not required for an effective assignment. An assignment can be made without any payment or exchange of value between the assignor and the assignee. The key elements of an effective assignment include the intention to assign the right, the voluntary nature of the assignment, and the clarity that the assignee becomes the owner of the right, but consideration is not a necessity.

Which of the Following Is NOT True Concerning the Requirements