Which of the Following Is True Regarding Simple Contracts as Compared

question 20

Multiple Choice

Which of the following is true regarding simple contracts as compared to negotiable instruments?

• A) Simple contracts are assigned to an assignee, while negotiable instruments are negotiated to a holder.
• B) Simple contracts may be assigned to an assignee or negotiated to a holder while negotiable instrument may only be negotiated to a holder in due course.
• C) Simple contracts may be assigned to an assignee or negotiated to a holder while negotiable instrument may only be negotiated to a holder.
• D) Simple contracts may not be assigned while negotiable instruments may be negotiated to holder.
• E) Simple contracts may be assigned to a holder while negotiable instruments may not be assigned or negotiated.

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Definitions:

Family Functions

The roles families perform to meet the physical, emotional, and social needs of their members, such as nurturing, protection, and socialization.

Resilient

The ability to quickly recover from difficulties or spring back into shape; emotional strength in facing stress or hardship.

Migration

The movement of people from one place to another with intentions of settling, permanently or temporarily, at a new location.

Social Comparison

The tendency to assess one’s abilities, achievements, social status, and other attributes by measuring them against those of other people, especially one’s peers.