Multiple Choice
Which of the following statements is TRUE?
A) As long as the required formalities are satisfied,any contractual obligation can be assigned by using either a statutory assignment or an equitable assignment.
B) All common law provinces and territories allow statutory assignments,but only some of them allow equitable assignments.
C) An assignee acquires rights against the debtor only if it provides new consideration to the debtor.
D) If there are two assignees of the same debt,a court will always favour the assignee that received its assignment first.
E) Even if the parties satisfy all of the usual requirements,rights under some types of contracts cannot be assigned and parties may by their contract prohibit assignment of the benefits of the contract.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: Briefly describe the requirements that must exist
Q26: "The law of contract assumes that people
Q27: Parker Inc promised to pay $100 000
Q29: Which of the following situations most likely
Q31: "A promise to perform a pre-existing contractual
Q32: Koln Enterprises Ltd is a music publisher
Q33: Patricia and Charlie entered into a written
Q34: Gabriel entered into a contract with Paradise
Q35: Which of the following statements is TRUE?<br>A)As
Q36: What is the essential purpose of a