Jorge and Delinda Decide to Contract for Bottled Water

question 68

Multiple Choice

Jorge and Delinda decide to contract for bottled water. Delinda assigns her right to receive the proceeds of the bottled water contract to her friend Melody. When does an assignment become effective?

• A) It would not be effective as rights to payments cannot be assigned.
• B) When Melody receives notice she is receiving the payment rights.
• C) Immediately upon the assignment.
• D) After a reasonable delay to allow time for the obligor to object.
• E) Five business days after the assignment being made.

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Definitions:

Achievement-oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and showing confidence in team capabilities.

Goal-setting

The action of establishing achievable and measurable objectives to guide personal or professional development.

Self-fulfilling Prophecy

A self-fulfilling prophecy is a belief or expectation that influences behavior in a way that causes the belief to become true.

Directive Leadership

A leadership style characterized by giving direct orders and instructions, with a clear line of authority and control.