Which of the Following Is True of an Attempt to Assign

question 67

Multiple Choice

Which of the following is true of an attempt to assign the rights to payment?

• A) The rights to payment can never be assigned.
• B) The rights to payment can always be assigned.
• C) The rights to payment can only be assigned if a contract is personal in nature.
• D) The rights to payment can never be assigned if a contract is personal in nature.
• E) The rights to payments can only be assigned if a contract is created under the statute of frauds.

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Definitions:

Chief Executive

The highest-ranking officer in an organization, responsible for making major corporate decisions and managing the overall operations.

Consumer Goods

Products and services that are purchased or consumed by individuals or households for personal use.

Departmentalization

The process of dividing an organization into different departments or units, each of which specializes in a specific area of operation.

Formal Teams

Groups within an organization that are officially recognized and organized with specific roles and tasks to achieve collective goals.