Which of the Following Is a Correct Statement Regarding Form

question 101

Multiple Choice

Which of the following is a correct statement regarding form requirements for a valid assignment?

• A)In order for an assignment to be valid,a UCC 2-301 compliance statement is required.
• B)In order for an assignment to be valid,a UCC 4-305 perfection statement is required.
• C)In order for an assignment to be valid,a Business Form 2-547 must be executed by the assignor.
• D)In order for an assignment to be valid,a Business Form 4-298 must be executed by the obligor (the other party to the original contract who owes a duty to the assignee).
• E)No form is required for an assignment to be valid.

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Definitions:

Premise

A foundational assertion or premise leading to further deductions or outcomes as logical conclusions.

Enthymeme

A logical argument in which one premise is not explicitly stated.

Premise

A statement in an argument that is believed to be true and from which a conclusion is drawn.

Venn Diagram

A diagram using overlapping circles to visually represent the relationships among sets, illustrating both commonalities and differences.