Which of the following statements is true of the rights of an assignee to a contract? An assignee cannot be assigned the rights to a contract if the assignment decreases the obligor's risk or duties. An assignee is well-protected against any defenses for nonperformance the obligor may plan to raise. An assignee cannot decline an assignment under any circumstance. An assignee cannot be assigned the rights to a contract when the contract is personal in nature.

Question

Gizmo

Business

26 March, 18:45

Which of the following statements is true of the rights of an assignee to a contract? An assignee cannot be assigned the rights to a contract if the assignment decreases the obligor's risk or duties. An assignee is well-protected against any defenses for nonperformance the obligor may plan to raise. An assignee cannot decline an assignment under any circumstance. An assignee cannot be assigned the rights to a contract when the contract is personal in nature.

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Willow Vincent · Answer 1

The following statement is true:

An assignee cannot be assigned the rights to a contract when the contract is personal in nature.

Explanation:

In case the contract is personal in nature the rights to a contract cannot be assigned. Personal contract means the obligated party has promised something specific to the person receiving it. Third parties in such situations cannot legally become the recipient unless payment is the only part of a contract left to be fulfilled.