For an Assigned Claim to Be Valid

question 36

Multiple Choice

For an assigned claim to be valid:

• A)the assignee must have the capacity to contract.
• B)the contract must not be illegal or known by the assignor to be voidable.
• C)the contract must have been discharged once prior to the assignment.
• D)the assignee must have good title before the rights are assigned.

Explain the concept of minimum capital requirements and their importance for financial institutions.

Understand the concept and components of a sales budget.

Comprehend the calculations involved in production budgeting, including inventory planning.

Identify and explain various types of budgets within a master budget, including capital expenditures and operating budgets.

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Definitions:

Power Resources

Various assets or capabilities that individuals, organizations, or nations possess, which can be used to influence or control outcomes.

Personal Credibility

The perception of a person's integrity, reliability, and trustworthiness built over time.

Creating Links

The process of establishing connections or relationships between different elements, such as web pages, ideas, or organizations.

Mentoring Relationship

A supportive interactive relationship where an experienced individual (mentor) advises and helps a less experienced individual (mentee).