Which of the following is an implied guarantee when an assignor is paid for making an assignment?
A) The promisor himself or herself does not have the capacity to contract.
B) The assignor has good title to the rights assigned.
C) The contract has been discharged two months prior to assignment.
D) Any oral statement representing the claim is genuine.

Question

Quizplus · Accepted Answer

Assignors who are paid for making an assignment are potentially liable to assignees for certain implied guarantees. These guarantees are imposed by law unless the assignment agreement clearly indicates to the contrary. One such guarantee is that the assignor has good title to the rights assigned.

Which of the Following Is an Implied Guarantee When an Assignor