Barbara Owes Arthur $2,000

question 44

Multiple Choice

Barbara owes Arthur $2,000. On July 1, Arthur assigns the right to the $2,000 to Caleb. Thereafter, on July 15, Arthur assigns the same right to David, who in good faith gives value for it and knows nothing about the first assignee. In this case:

• A) Caleb has the right to the payment of $2,000.
• B) David has the right to the $2,000.
• C) neither Caleb nor David can claim the $2,000.
• D) The rule differs by state.

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Definitions:

Best Practices

are methods or techniques that have been identified as the most effective and efficient way to achieve desired results in a specific field or industry.

Age and Success

The concept that the achievement of success is influenced by or varies according to an individual's age.

Unconsciously Competent

Describes a level of skill mastery where an individual executes tasks with high proficiency without conscious effort or attention.

Direct Reports

Employees who report directly to a manager or supervisor, indicating a direct line of authority and responsibility in the organizational hierarchy.