Which of the Following Statements Is Correct Regarding an Assignment

question 143

Multiple Choice

Which of the following statements is correct regarding an assignment that would materially alter the risk and/or duties of the obligor?

• A) A contract cannot be assigned if the assignment would materially alter the risk or duties of the obligor.
• B) A contract can be assigned if the assignment would materially alter the risk, but not the duties, of the obligor.
• C) A contract can be assigned if the assignment would materially alter the duties, but not the risk, of the obligor.
• D) A contract can be assigned, even if the assignment would materially alter the risk or duties of the obligor.
• E) A contract can be assigned, provided that the assignment is accompanied by a corresponding delegation of duties.

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Definitions:

Optimal Value

The most favorable or advantageous value that can be achieved under given constraints, often used in optimization problems.

Dual Production Problem

A situation in operational research where two or more products are produced using limited resources, and the optimal allocation of these resources needs to be determined.

Production Function

A mathematical model that describes the relationship between inputs used in production and the output produced from those inputs.

Labor Hired

The quantity of work force employed by businesses to perform various tasks, measured in worker units or hours.