A Right Cannot Be Assigned If the Assignment Will Significantly

question 57

True/False

A right cannot be assigned if the assignment will significantly alter the risks to, or the duties of, the obligor.

---

Definitions:

Held-To-Maturity

A categorization for investments in fixed income securities that the investor intends and is able to hold until the date of maturity.

Fair Value Method

An accounting approach used to assess and report the value of certain assets and liabilities at their current market prices.

Cost Method

An accounting approach used to value inventory or investments based on the original purchase cost, without adjusting for market changes.

Foreign Exchange Rates

The value at which one currency can be exchanged for another.