_____ Is a Clause That Prohibits Parties from Transferring the Rights

question 35

Multiple Choice

_____ is a clause that prohibits parties from transferring the rights conveyed by a contract to another party.

• A)Noncompete clause
• B)Mandatory arbitration clause
• C)Voluntary restriction
• D)Restriction on assignment
• E)Exculpatory clause

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Definitions:

FOB Shipping Point

A term used in shipping contracts to indicate that the buyer is responsible for the cost of transporting the goods from the shipping point.

Invoice Amount

The total sum of money requested by a vendor from a purchaser for goods delivered or services provided.

Merchandise

Goods that are bought and sold in any business, particularly in retail.

Freight Charge

The cost incurred for transporting goods between places, typically charged by carriers for shipments.