A Rock Group Assigns Its Payment Under a Performance Contract

question 23

Multiple Choice

A rock group assigns its payment under a performance contract to the Costume Shop,a business that has supplied the group with outrageous stage outfits,and to which the group owes a great sum of money.This is

• A)a valid assignment because of the rule of freedom to contract.
• B)a valid assignment because this is a simple transfer of the right to receive money.
• C)an invalid assignment because it increases the burden of the payor.
• D)an invalid assignment because this is a personal service contract.

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Definitions:

Hypothesis Testing

A statistical method used to determine whether there is enough evidence in a sample of data to infer that a certain condition holds for the entire population.

Null Hypothesis

A hypothesis in statistical analysis that suggests no significant effect or relationship between variables, serving as the default position until evidence suggests otherwise.

Rejection

In statistics, typically refers to the act of rejecting the null hypothesis based on the outcome of a statistical test.