As Long as a Contract Is Personal in Nature, the Right

question 46

True/False

As long as a contract is personal in nature, the right to receive those services can be assigned.

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Definitions:

Calls

Options that give the holder the right, but not the obligation, to buy a stock, bond, commodity, or other instruments at a specified price within a specific time frame.

Reissue

The act of bringing something back into circulation or availability, particularly in the context of financial securities or published materials.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company to reinvest in its core business or to pay debt.

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.