BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -the assignor must sue if the obligor breaches. the assignor promises the assignee that the obligor will perform as promised in the original contract. for claims for damages to personal injuries. provided performance will not be materially changed.

Detailed explanation-2: -The assignor normally remains liable unless there is an agreement to the contrary by the other party to the contract. The effect of a valid assignment is to remove privity between the assignor and the obligor and create privity between the obligor and the assignee.

Detailed explanation-3: -An assignee’s rights are free of the defenses that the obligor has against the assignor. When rights under a contract are assigned unconditionally, the rights of the assignor are extinguished. The person to whom rights in a contract are assigned is the assignor.

Detailed explanation-4: -The assignee is the party that receives the rights and obligations under the contract, but wasn’t an original party to the contract. The assignor was an original party to the contract and is the party that transfers its contractual rights to another party. The other original party to the contract is the obligor.

Detailed explanation-5: -The assignee’s timely written notice to the obligor may help avoid the following problems: The obligor may continue to pay or otherwise perform for the assignor. The assignee has no right to demand performance by the obligor until the obligor has notice of the assignment.