Which of the Following Is an Exception to the General

question 25

Multiple Choice

Which of the following is an exception to the general rule that rights to a contract cannot be assigned when a contract is personal in nature?

• A) When the only part of a contract left to be fulfilled is the payment.
• B) When nothing has been done on the contract at all.
• C) When no more than half the contractual duties have been performed.
• D) When no more than three-fourths of the contractual duties have been performed.
• E) There is no exception because rights to a contract that is personal in nature may generally be assigned.

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Definitions:

Initial Cost

The upfront expenditure involved in acquiring an asset or starting a project.

Hong Kong Dollars

The legal currency of Hong Kong, used in financial transactions within the region.

U.S. Dollars

The official currency of the United States, widely used as a benchmark in global financial transactions.

Uncovered Interest Rate Parity

A theory suggesting that the difference in interest rates between two countries is equal to the expected change in exchange rates between those countries' currencies.