Examlex
Which of the following is a TRUE statement?
Fraudulent Conveyance
A transfer of property with the intent to defraud creditors.
Consideration
A legal concept in contract law referring to something of value exchanged between parties to a contract, a requirement for the contract to be binding.
Accounts Receivable
Represents money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Subsequent Assignment
The act of transferring rights or obligations to another party after the original assignment has already taken place.
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