A Right to Receive Damages on a Breach of a Contract

question 21

True/False

A right to receive damages on a breach of a contract for a sale of goods cannot be assigned.

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Definitions:

American Put Option

A type of option that allows the holder to sell an asset at a specified price at any time before the expiration date.

Call Option

An agreement in finance that grants the purchaser the option, without the mandate, to acquire a security, bond, commodity, or different asset at a pre-determined price during a defined timeframe.

Variance

The average squared deviation between the actual return and the average return.