Before Preparing a Workplace Email, Consider

question 15

Multiple Choice

Before preparing a workplace email, consider

• A) which salutation to use.
• B) whether a more personal form of communication is needed.
• C) whether files should be attached or sent in hard copy.
• D) a, b, and c.
• E) b and c.

Grasp the impact of the UCC on contract assignments and third party rights.

Recognize the conditions under which contract rights are assignable.

Understand the legal effects of an assignee's standing and the principle of "stepping into the shoes" of the assignor.

Identify the legal protections and limitations for obligors in assignments.

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Definitions:

Special Indorsement

A signature on a negotiable instrument, such as a check, that specifies the person to whom the instrument is to be payable, thereby restricting further transfer.

Pay to the Order

A phrase written on checks or drafts instructing the financial institution to pay the specified amount to the individual or entity named.

Trust

A fiduciary relationship in which one party, known as the trustee, holds property on behalf of another party, known as the beneficiary.

Sign

To write or use a symbol, like one's name, on a document as a way of acknowledging or agreeing to its terms.