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:

Indicator

A variable or criterion that serves to measure or demonstrate the state or level of something, often used in environmental, economic, and social contexts.

Organic Wastes

Biological materials originating from living organisms that are capable of being decomposed by other living organisms.

Oxygen Levels

The amount of oxygen present in a given environment or substance, often measured to assess air or water quality.