Which of the Following Is True of an Attempt to Assign

question 30

Multiple Choice

Which of the following is true of an attempt to assign the rights to payment?

• A)The rights to payments can only be assigned if a contract is created under the statute of frauds.
• B)The rights to payment can only be assigned if a contract is personal in nature.
• C)The rights to payment can never be assigned if a contract is personal in nature.
• D)The rights to payment can never be assigned.
• E)The rights to payment can always be assigned.

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Definitions:

Market Basket

A collection of goods and services used to track inflation, consumer spending, or the cost of living in a specific area.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, used to estimate inflation.

Base Year

A specific year against which economic growth or other economic indicators are measured, serving as a standard of comparison.

Current Year

Refers to the ongoing calendar year at the time of the statement or document.