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:

Price

The amount of money or the value that is considered to be the equivalent of a good or service.

Elasticity of Demand

A measure of how sensitive the quantity demanded of a good is to a change in its price, indicating how consumers' purchasing decisions are affected by price changes.

Natural Gas

A fossil fuel used primarily for heating, electricity generation, and as a fuel for vehicles, consisting mainly of methane and found underground.

Price Increase

A rise in the cost of goods or services over a specific period of time, which can affect purchasing power and economic stability.