Unless Language or Circumstances Indicate the Contrary, a General Assignment

question 1

Multiple Choice

Unless language or circumstances indicate the contrary, a general assignment is:

• A) a transfer of property only.
• B) both a transfer of rights and a delegation of duties.
• C) a delegation of duties only.
• D) a transfer of rights only.

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Definitions:

Common Stock

Common stock represents shares of ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.

Serial Bonds

Bonds of a single issue that mature in installments at regular intervals.

Bonds Outstanding Method

A method used to calculate the total amount of issued bonds by a corporation that have not yet been redeemed or matured.