Which of the Following Is True Regarding Oral Assignments

question 51

Multiple Choice

Which of the following is true regarding oral assignments?

• A)The UCC requires that assignments be in writing when the amount being assigned is greater than $2,000.
• B)The UCC requires that assignments be in writing when the amount being assigned in greater than $1,500.
• C)In some cases,assignments may be made orally.
• D)Assignments,regardless of the terms,are not covered by the statute of frauds.
• E)The UCC requires that assignments be in writing when the amount being assigned is greater than $1,000.