Which of the Following Is the Oldest and Also the Simplest

question 12

Multiple Choice

Which of the following is the oldest and also the simplest security device?

• A)Pledge
• B)Chattel mortgage
• C)Deed of trust
• D)Surety

Analyze the validity and enforceability of assignments in the presence of anti-assignment clauses.

Distinguish between different types of third-party beneficiaries (creditor, donee, and incidental).

Examine the conditions under which assignments are considered valid.

Assess the role of notice in the assignment process and its impact on the parties involved.

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Definitions:

Stock

Represents ownership in a corporation, giving holders a claim on part of the company’s assets and earnings.

False Statement

A declaration that is untrue, misleading, or deceptive, often made with the intent to defraud or mislead.

Capital

Economic resources used in the production of goods and services, such as machinery, equipment, and buildings.

Consume Less

The action of reducing the amount of goods and services that individuals or societies use.