Which of the Following Is True of Assignments

question 40

Multiple Choice

Which of the following is true of assignments?

• A)Early common law recognized assignments.
• B)Contract rights have always been considered transferable.
• C)Article 2 of the UCC deals with assignments of rights under a contract for the sale of goods.
• D)The laws regarding assignment have gradually become stricter.

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Definitions:

Lease Payments

The payments made under a lease agreement to the lessor for the use of an asset over a specified period.

Guaranteed Rate

A predetermined interest rate assured by a lender or issuer to the borrower or investor over a certain period.

Discount Factor

A multiplier used in financial calculations to determine the present value of future cash flows or payments.

Profitability Index

A financial metric comparing the present value of future cash flows generated by a project to its initial investment cost, used in capital budgeting.