Which of the Following Is True Regarding Simple Contracts as Compared

question 44

Multiple Choice

Which of the following is true regarding simple contracts as compared to negotiable instruments?

• A) Simple contracts are assigned to an assignee, while negotiable instruments are negotiated to a holder.
• B) Simple contracts may be assigned to an assignee or negotiated to a holder while negotiable instruments may only be negotiated to a holder in due course.
• C) Simple contracts may be assigned to an assignee or negotiated to a holder while negotiable instruments may only be negotiated to a holder.
• D) Simple contracts may not be assigned while negotiable instruments may be negotiated to holder.
• E) Simple contracts may be assigned to a holder while negotiable instruments may not be assigned or negotiated.

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Definitions:

Coexisted

The act or state of living or existing at the same time or in the same place with another or others.

Neanderthals

An ancient human species distinguished by their survival skills in Ice Age Europe, contributing to the genetic makeup of modern humans through interbreeding.

Homo Sapiens

The scientific name for modern humans, characterized by a high level of cognitive ability, complex language, and the capacity for abstract thought.