Which Statement Regarding Assignment Is Accurate

question 34

Multiple Choice

Which statement regarding assignment is accurate?

• A)Gratuitous assignments are generally revocable regardless of whether they are oral or written.
• B)An assignment for consideration is irrevocable.
• C)An assignment becomes valid when the obligor receives notice of the assignment.
• D)An assignment must be written and follow all legal formalities.

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Definitions:

Intellectual Development

A process referring to the growth and changes in a person’s ability to think, reason, and understand the world around them.

Methadone

A laboratory-made opioid-like drug.

Opioid Drugs

A category of drugs derived from the opium poppy or synthetically produced, used for pain relief but with a high potential for addiction.

Synthetic Drug

Man-made substances created to mimic the effects of natural drugs, often with enhanced potency and possibly harmful side effects.