If a Creditor Assigns a Debt Owed to It as a Result

question 35

Multiple Choice

If a creditor assigns a debt owed to it as a result of a contractual obligations that neither party has as yet completely performed,how would the creditor be advantaged by having done so?

• A) reduction of liability insurance premiums
• B) reduction of its accounts receivable
• C) reduction of the risk of remuneration default
• D) early collection of accounts receivable

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Definitions:

Animism

The attribution of life and intentionality to inanimate objects.

Artificialism

The belief in developmental psychology that aspects of the environment and events are controlled by human or superhuman agents.

Latency

A period of time during which a process or condition exists or continues without manifesting significant signs or symptoms of its presence or any forthcoming changes.

Cognitive Development

The process by which an individual's ability to think, understand, and learn evolves over the course of their life.