Solved

Which of the Following Is a True Statement Regarding an Assignee's

Question 26

Multiple Choice

Which of the following is a true statement regarding an assignee's acceptance of assigned rights?


A) An assignee must agree to accept assigned rights,and there is a strict protocol for doing so.
B) A creditor beneficiary must accept assignment of rights,but there is no requirement that a donee beneficiary do so.
C) An assignee may only decline an assignment if a delegation of duties is also involved.
D) A donee beneficiary must accept assignment of rights,but there is no requirement that a creditor beneficiary do so.
E) An assignee may decline an assignment if he has not agreed to it and declines in a timely fashion after learning of it.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions