Elin Owes Floyd $10,000

question 48

Multiple Choice

Elin owes Floyd $10,000. Floyd assigns the claim to Gary. Gary does not notify Elin of the assignment. A week later, Floyd assigns the same claim to Holly. Holly immediately notifies Elin of the assignment. Holly has

• A) priority to payment in all states .
• B) priority to payment in states that follow the English rule.
• C) no priority to payment.
• D) priority to payment in most states.

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Definitions:

Treasury Bills

Short-term government securities issued at a discount from the par value and paying no interest, maturing in one year or less, representing a secure, liquid investment.

Market Index Fund

A type of mutual fund or ETF designed to replicate the performance of a specific market index.

Beta

A measure of a stock's volatility in relation to the overall market, indicating the stock's level of risk compared to the market average.

Beta

A measure of a stock's volatility in relation to the overall market; used in the capital asset pricing model.