Which of the Following Is an Illustration of the Possession

question 47

Multiple Choice

Which of the following is an illustration of the possession of tangible token rule?

• A)An obligee who is owed $10, 000 assigns the right of collection $5, 000 each to two assignees.
• B)The right of collecting $10, 000 is recorded in the assignee's savings account passbook.
• C)The assignee can re-assign the right only to a sub-assignee selected by the obligee.
• D)An obligee cannot assign a right to collection of more than once.

---

Definitions:

Unlimited Wants

The economic principle that humans have infinite desires or wishes for goods and services, despite having limited resources.

Decision Makers

Individuals or entities in a position of authority who make choices that determine the course of actions to be followed, often affecting outcomes in business or organizational settings.

Secondary Effects

Unintended consequences of economic actions that may develop slowly over time as people react to events.

Rent Control

Government regulations that limit the amount landlords can charge for renting out a property and may also restrict the reasons for evicting tenants.