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Carlos Voluntarily Transfers to Opal His Right to Receive a Payment

question 40

True/False

Carlos voluntarily transfers to Opal his right to receive a payment of $125 due to him from Scott. Scott is the assignee.


Definitions:

Governor Cut-in Pressure

The specific air pressure level at which an air compressor’s governor allows the compressor to start building air pressure in a pneumatic system.

Tractor Spring Brake

A braking system used in heavy vehicles like tractor-trailers, which utilizes spring pressure for parking and emergency brake applications.

Service Braking

Refers to the primary braking system used for normal vehicle deceleration and stopping.

Park Braking

A mechanical system designed to lock a vehicle's wheels when parked to prevent it from rolling.

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