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.

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Definitions:

Incremental Profit

The additional profit derived from a specific business decision, comparing the profit levels before and after the decision.

Selling Price

The amount at which a product or service is sold to customers.

Variable Cost

Financial outlays that fluctuate based on the activity levels or production volumes within a company.

Fixed Cost

Expenses that do not change with the level of production or sales in the short term, such as rent, salary, and insurance.