In the Case of Speelman V

question 3

Multiple Choice

In the case of Speelman v. Pascal , the court held that:

• A) a gratuitous assignment is terminated by the assignor's death, even if the assignor made an effective delivery of the assignment prior to his death.
• B) assignments of rights to sums that are expected to become due to the assignor are enforceable.
• C) assignments cannot be made of sums that are not presently due but are expected to become due in the future.
• D) personal contracts are not assignable.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.

Vision

A clear and inspiring long-term goal or image of what an organization or individual aims to achieve in the future.

Unexpected Events

Situations or occurrences that take place without prior warning, often causing disruption.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise with the aim of making a profit.