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According to Scott and Cornelius , (2017: 285) , cession is an act of transfer where the creditor(cedent/transferor) transfers their claim against their debtor to
According to Scott and Cornelius , (2017: 285) , cession is an act of transfer where the creditor(cedent/transferor) transfers their claim against their debtor to the cessionary(transferee) in a manner where the cessionary assumes the role of the cedent as creditor. Select one: O True O FalseA Kustingbrierc is a special mortgage over an immovable thing to secure a principal debt incurred in respect of the purchase price of that thing. Select one: 0 True \"-3 False Where the pledgor cannot pay the principal debt, the pledgee is entitled to obtainjudgement against him/her and have the thing sold in execution by sheriff 0r messenger of the court. Select one: The principal or agent may not be sued by the third party on the contract. Wherejudgement is given against the agent for even a portion of the debt, the third party is barred from proceeding against the principal even if the principals identity is only revealed thereafter. Select one: C True 0 False A person married in community does not require permission from their spouse before acting as a surety. Select one: A covering bond refers to a special mortgage which secures future debt. Select one: O True O FalseA special power of attorney, is opened not only the specific act/s stipulated by the principal but includes the general power of attorney terms and conditions. Select one: 0 True C) False Ratification allows the principal the option to accept contract with the liability although the agent lacked authority at the time of contracting. Select one: 0 True (3 False Should the creditor claim against the principal debtor prescribe, then the creditors claim against the surety also prescribes. Select one: 0 True C False Real security rights strives to strengthen the rights of the creditor , especially where there is a concurrence of creditors in the case of the debtor's insolvency. Select one: O True O False
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