When a Buyer Assigns the Right to Goods Under a Contract

question 6

Multiple Choice

When a buyer assigns the right to goods under a contract, the buyer's liability to make payment to the seller is:

• A) transferred to the third party.
• B) terminated.
• C) still in effect.
• D) shared equally with the third party.

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Definitions:

External Locus

Belief that external forces or factors beyond one's control dictate the outcomes of one's actions and life events.

Perception

The process of organizing and interpreting sensory information to make it meaningful.

Sensation Seeking Scale

A psychological assessment tool designed to measure an individual's propensity for seeking varied, novel, complex, and intense sensations and experiences.

College Students

Individuals enrolled in an institution of higher education aiming to achieve degrees or certificates.