Question

Which of the following is false regarding rights of an assignee and assignor?

A. Assignees essentially fill in for the assignor as the legal recipient of contractual duties.

B. Assignees acquire the same rights as the assignor had.

C. Assignees are offered additional protection than assignors.

D. The obligor may raise any of the same defenses for nonperformance to the assignee that he would have been able to raise against the assignor.

E. When an assignor transfers rights to an assignee, the assignor legally gives up all rights she previously had to collect on the contract.

Answer

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