As a General Rule, Partial Assignments of Contract Rights Are

question 12

True/False

As a general rule, partial assignments of contract rights are not enforceable.

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Definitions:

Notes Receivable

Financial assets representing written promises for future receipt of cash.

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services purchased on credit.

Notes Payable

A financial liability on a company's balance sheet representing promissory notes that require future payments of principal and possibly interest.

Maturity Value

The amount due to the owner of a financial instrument at its maturity date, including principal and interest.