Which of the Following Involves an Invalid Assignment That a Court

question 61

Multiple Choice

Which of the following involves an invalid assignment that a court would not enforce?

• A) An assignment of a savings account accompanied by the delivery of the passbook
• B) An assignment lacking consideration
• C) An assignment of an automobile liability insurance policy accompanied by the delivery of the policy
• D) An assignment in writing signed by the assignor and delivered to the assignee

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Definitions:

Net Capital Spending

The total expenditure on fixed assets less any sales of fixed assets. It indicates how much a company is investing in its current and future operations.

Dividends Per Share

The total dividends declared in a year divided by the number of outstanding shares of the company’s stock.

Par Value

The nominal or face value of a bond, share, or other financial instrument, traditionally the amount for which the security is issued.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and entitles the holder to a share of the company's profits through dividends.