Which of the Following Is True of Assignments

question 60

Multiple Choice

Which of the following is true of assignments?

• A) Early common law recognized assignments.
• B) Contract rights have always been considered transferable.
• C) Article 2 of the UCC deals with assignments of rights.
• D) The laws regarding assignment have gradually become stricter.

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Definitions:

Sale

The exchange of a good or service for money; a transaction between two parties where the buyer acquires ownership of the item.

Interest Revenue

Income earned from lending money or other types of investments that yield interest.

Investment In Bonds

The purchase of bonds issued by corporations, governments, or other entities as a means of earning interest income and potential price appreciation.

Comprehensive Income

All changes in stockholders’ equity during a period, except those resulting from dividends and stockholders’ investments.