Antiassignment Clauses in Contracts Generally Are

question 71

Multiple Choice

Antiassignment clauses in contracts generally are:

• A)enforceable but read narrowly.
• B)enforceable but not covered by the UCC.
• C)unenforceable because they are unconscionable.
• D)unenforceable because they are void.

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Definitions:

Bonds

Bonds are fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest payments and the return of the principal at maturity.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time.

Accounting Period

The time frame in which financial transactions are recorded and reported, typically a fiscal year or quarter.

Maturity Value

The total amount that will be paid to an investor at the end of a debt instrument's term, including the principal and any accrued interest.