Question

    What does the principle of debtor protection state

    regarding the assignment of receivables?
    A The debtor's rights and obligations are automatically modified upon assignment Correct Answer Incorrect Answer
    B The debtor's consent is not required for any changes in the contract terms Correct Answer Incorrect Answer
    C The assignment of receivables does not affect the debtor's rights and obligations unless expressly consented to in writing Correct Answer Incorrect Answer
    D The debtor is required to accept any changes imposed by the assignee Correct Answer Incorrect Answer
    E The debtor's rights and obligations are entirely nullified upon assignment Correct Answer Incorrect Answer

    Solution

    Section 15. Principle of debtor protection—(1) Save as otherwise provided in this Act, any assignment of the receivable shall not, without the express consent of the debtor in writing, affect the rights and obligations of the debtor (including the terms and conditions of the contract)

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