A(n) ___________ Is the Voluntary Transfer to a Third Party

question 8

Multiple Choice

A(n) ___________ is the voluntary transfer to a third party of the rights arising from a contract.

• A) negotiation of bearer paper
• B) negotiation of order paper
• C) assignment
• D) negotiation

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Definitions:

Automatic Renewals

Contract clauses that allow agreements to continue for a new term unless specifically canceled by one party.

Law on the Promotion

Legislation enacted to support and encourage certain activities, industries, or practices within a legal jurisdiction for economic or societal benefits.

Leasehold Estate

The leased property.

Premises

Land and the buildings on it, referred to especially in the context of business or law.