Which of the following statements is false regarding the rights of assignees and assignors?
A)Assignees essentially fill in for the assignor as the legal recipient of contractual duties.
B)Assignees acquire the same rights as those of the assignor.
C)Assignees are entitled to greater contractual protections than those afforded assignors.
D)The obligor may raise any of the same defenses for nonperformance to the assignee that he would have been able to raise against the assignor.
E)When an assignor transfers rights to an assignee,the assignor legally gives up all rights she previously had to collect on the contract.

Question

Quizplus · Accepted Answer

When an assignor transfers her rights to an assignee,the assignor legally gives up all rights she previously had to collect on the contract.The assignee essentially fills in for the assignor as the legal recipient of the contractual duties.As such,the assignee acquires the same rights the assignor had.The assignee is offered no additional protections.Moreover,the obligor may raise any of the same defenses for nonperformance to the assignee as he would have been able to raise against the assignor.

Which of the Following Statements Is False Regarding the Rights