Which of the following is true regarding an assignee's acceptance of assigned rights?
A) A creditor beneficiary must accept assignment of rights, but there is no requirement that a donee beneficiary do so.
B) A donee beneficiary must accept assignment of rights, but there is no requirement that a creditor beneficiary do so.
C) An assignee must agree to accept assigned rights, and there is a strict protocol for doing so.
D) An assignee may decline an assignment if he has not agreed to it and declines in a timely fashion after learning of it.
E) An assignee may only decline an assignment if a delegation of duties is also involved.
Correct Answer:
Verified
Q47: When a donee beneficiary may enforce rights
Q48: What would be the likely result of
Q49: What was the ruling of the court
Q50: A[n] _ beneficiary is a third party
Q53: Which of the following would be the
Q54: What would be the most likely result
Q55: Which of the following references the maturing
Q57: Which of the following is true regarding
Q64: The state of New York does not
Q74: Which of the following is true regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents