In the Case of Speelman V

question 58

Multiple Choice

In the case of Speelman v. Pascal , the court held that:

• A) a gratuitous assignment is terminated by the assignor's death, even if the assignor made an effective delivery of the assignment prior to his death.
• B) assignments of rights to sums that are expected to become due to the assignor are enforceable.
• C) assignments cannot be made of sums that are not presently due but are expected to become due in the future.
• D) personal contracts are not assignable.

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Definitions:

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its market price, crucial for market efficiency and emergency needs.

Security Selection

The process of choosing individual stocks or bonds to invest in, based on analysis and research, aiming to achieve better returns than the broader market.

Asset Allocation

The strategy of distributing investments among various financial categories to manage risk and optimize returns.

Investment Committee

An investment committee is a group of professionals responsible for making decisions regarding the investment strategy of an organization or fund.