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:

M/M/S

A queueing model denoting a system with multi-servers where both arrivals and service times are Markovian (memoryless and exponentially distributed).

M/D/1

A queueing model notation that represents a system with a Poisson arrival process, deterministic service time, and a single server.