The "Shoe Rule" Does Not Apply When _____

Multiple Choice

The "shoe rule" does not apply when _____

A) there is a sale of a negotiable instrument to a holder in due course.
B) doing so would maintain the obligation of the obligor.
C) statute or public policy forbids the assignment.
D) the contract itself precludes assignment.
E) the assignor must make known his intention to transfer the rights to the third person.