Which One of the Following Assignments Would Probably Be Prohibited

question 25

Multiple Choice

Which one of the following assignments would probably be prohibited by a court?

• A) Mary is in debt. A credit card company calls and threatens to sue. Mary orally assigns her next bimonthly paycheck to her creditor.
• B) John is a house painter. He is scheduled to paint Molly's home on Monday. John wakes up Monday morning with a stiff neck. He calls Ed, who is also a painter, to offer to pay him to begin the job at Molly's.
• C) Ron has a contract with Bonett Bank to service their coffee machines. He assigns the remainder of his contract with Bonett to Michelle, who also owns a coffee service.
• D) Max buys a used car from Al's Autos for $10,000, financed by Al.  Al needs quick cash and assigns the loan proceeds to Omar for $8,500 cash.  Max now makes his car loan payments to Omar.

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Definitions:

Supply Chains

Networks involving organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Supply Disruptions

Interruptions in the flow of goods or materials from suppliers that can lead to shortages and affect production or sales.

Exchange Rate Fluctuations

Variability in the value of one currency compared to another, affecting the cost of importing and exporting goods and services.

Regulatory Requirements

Rules and standards set by governmental or authoritative bodies that organizations must follow in their operations.