A Contract Cannot Prevent the Assignment of the Right to Receive

question 64

True/False

A contract cannot prevent the assignment of the right to receive funds.

---

Definitions:

Own Wealth

The total value of all financial and non-financial assets owned by an individual or entity, minus any liabilities.

Pure Monopolist

A sole provider of a unique product or service with no close substitutes, giving them significant control over pricing.

Economies of Scale

A condition where the average costs of production fall as the output level increases, leading to a more efficient production process.

Horizontal Demand

Refers to a market situation in which the demand for a product or service is not sensitive to changes in its price, often illustrated as a horizontal line on a demand curve graph.