What Is One Reason Why the Right to Assign Monetary

question 65

Multiple Choice

What is one reason why the right to assign monetary payments cannot be denied?

• A) Because denial of the right to assign monetary payments would be a violation of the statute of frauds.
• B) Because denial of the right to assign monetary payments would be a violation of the UCC.
• C) Because companies often transfer rights to payments in the regular course of business.
• D) Because the doctrine of promissory estoppel guarantees the right to assign monetary payments.
• E) Because privity of contract gives each party the right to assign monetary payments.

---

Definitions:

Partnership Capital

The total resources or assets that partners contribute to a partnership for the purpose of starting or expanding the business.

Trade Name

A commercial name used by a company or business for trading purposes, under which it conducts business or offers services.

Sole Proprietor

An individual who owns and operates a business alone, without forming a corporation or partnership.

Fictitious Business Names

Aliases under which individuals or businesses operate that are different from their legal, registered names, often registered with local or state governments.