Which of the Following Is True Regarding Oral Assignments

question 66

Multiple Choice

Which of the following is true regarding oral assignments?

• A) In some cases, assignments may be made orally.
• B) Assignments, regardless of the terms, are not covered by the statute of frauds.
• C) The UCC requires that assignments be in writing when the amount being assigned is greater than $1,000.
• D) The UCC requires that assignments be in writing when the amount being assigned in greater than $1,500.
• E) The UCC requires that assignments be in writing when the amount being assigned is greater than $2,000.

---

Definitions:

Decision Days

Specific days set by courts, especially the Supreme Court, to announce decisions or verdicts on cases they have heard.

Alternative Dispute Resolution

is a collective term for methods of resolving disputes outside the judicial process, such as arbitration or mediation.

Litigation

The process of taking legal action or resolving disputes in court; involves a plaintiff filing a lawsuit against a defendant to seek judgments or damages.

Speed and Cost

Considerations in decision-making, focusing on how quickly actions can be taken and the expenses involved.