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When a person dies, her or his rights and obligations are transferred ____________________ to an executor or administrator.

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One who transfers rights under a contract is


A) the assignor.
B) the assignee.
C) the obligor.
D) none of these.

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Conrad, an accountant, who performed tax services for Glenn, a small business owner, earned a $5,000 fee over a three-month period. Conrad then assigned this fee to her bank to apply toward a loan. Based on this information, which of the following statements is correct?


A) Legally, Conrad's claim is not assignable.
B) Only claims other than money are assignable.
C) Conrad's right to the $5,000 fee is assignable because it involves a claim for money.
D) Conrad's right to collect $5,000 is not assignable without the bank's permission.

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An assignment involving real property


A) usually requires no special form.
B) may be made orally.
C) must be in writing.
D) may be made orally or in writing.

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Glocker assigned to Baines her right to collect $500 from Palmer. Palmer, who was not notified of the assignment, paid the $500 to Glocker. Can Baines collect the $500 from Palmer?


A) Yes; oral or written assignments are valid without consent.
B) Yes; rights may be delegated without consent of the parties involved.
C) No; full payment made before receiving notification of an assignment completely releases the obligor from any legal obligation to the assignee.
D) No; part payment made before receiving notification of an assignment will reduce the obligor's responsibility to the assignee.

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Is it true with the assignment of a personal right that all parties involved must agree to the transfer? If so, why?

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Yes. It would be unfair to for...

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If a contract is required to be in writing, an assignment of that contract must also be in writing.

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An assignment must always be in writing.

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After being notified of an assignment, the obligor must perform for the assignee.

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A contract is not assignable if


A) the assignment is not in writing.
B) the assignment was made as security for a debt.
C) the obligor fails to notify the assignee.
D) none of these.

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Of the following, those that are assignable are


A) royalties on books.
B) accounts receivable.
C) rights to the delivery of goods.
D) all of these.

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Atkins sold Goldon a computer; the price was $1,200, due on March 7. Atkins assigned the debt to Fisher, to whom she (Atkins) owed $1,200. Fisher properly notified Goldon of the assignment. On March 7, Goldon notified Fisher that she could not pay the money because of financial difficulties. In this case, Fisher has a legal right to collect the $1,200 from


A) nobody.
B) Goldon only.
C) Atkins.
D) none of these.

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Long executed the following legal document and gave it to George Northman: "In consideration for the $300 I owe to George Northman, I hereby transfer to George Northman a claim I have against Hall in the amount of $300. Thomas Long, March 21, 1990." Hall was properly notified of the assignment by Northman. If Hall does not pay the $300 when it is due, the debt would then be


A) discharged.
B) collectible from Northman.
C) collectible from Long.
D) excused after two years had elapsed.

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Which statement is correct regarding the transfer of contractual rights?


A) The assignor acquires only such rights as the assignee has under the contract.
B) The assignee acquires only such rights as the assignor has under the contract.
C) The assignee acquires rights greater than the assignor has under the contract.
D) The assignor acquires rights greater than the assignee has under the contract.

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Why is it advisable to give notice once a valid assignment of rights has been made?

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If no notice is given, the obligor would...

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____________________ before notification of an assignment releases the obligor from any obligation to the assignee.

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Hopper hired a prominent trial attorney to represent her in a lawsuit. On the day of the trial, Hopper found that she was represented by the attorney's assistant. What are Hopper's rights?

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Hopper may sue the trial attorney for br...

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In a contract requiring the repayment of money, the borrower is known as the


A) assignor.
B) assignee.
C) administrator.
D) obligor.

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Full performance before being notified of an assignment releases the obligor from any legal obligation to the assignee.

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An assignment has no effect until the obligor is notified.

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