Which of the Following Statements Is True About Assignment of Contracts

question 2

Multiple Choice

Which of the following statements is true about assignment of contracts?

• A) An assignment represents the transfer of duties to assignees.
• B) An assignment cannot be done orally.
• C) An assignee is not entitled to the performance that the assignor had a right to under the original contract.
• D) A promisor must render all performance to the assignee.

Analyze the criminalization process through conflict theories.

Understand prisons as agents of socialization and their outcomes.

Distinguish between types of crime based on underlying motives.

Explore contemporary issues and reforms in the penal system.

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Perpetual Inventory Records

The continuous tracking of inventory levels and updates in real-time, showing the quantity of inventory on hand at all times.

Credit for Returns

A financial adjustment made by a seller to the account of a buyer to reflect returned goods.

Discount Period

The discount period is the time frame during which a buyer can take advantage of a purchase discount offered by the supplier for early payment.