Ned and Trayvon Enter into a Contract for Ned to Buy

question 56

Multiple Choice

Ned and Trayvon enter into a contract for Ned to buy goods from Trayvon.The contract contains an antiassignment clause.Ned breaches the contract to pay for the goods after Trayvon delivers the items as required by contract.Trayvon does not want to sue for breach,so instead he assigns the right to pursue damages for breach of contract to Melissa.Is the assignment valid?

• A)Yes,but only if the assignment complies with the statute of frauds.
• B)No,because it would increase Ned's duties to have to pay Melissa.
• C)No,because the antiassignment clause prohibits the assignment.
• D)Yes,because antiassignment clauses are no longer valid if any part of the contract is not performed
• E)Yes,because antiassignment clauses do not affect the right to receive damages for breach of contract to sell goods or services.

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Definitions:

Portfolio

A portfolio of investment vehicles, including equities, fixed income, raw materials, money, and money-like assets, along with mutual funds and ETFs.

Covariance

A measure indicating the extent to which two variables change in tandem.

Variances

Statistical measures that represent the extent to which a set of numbers is spread out from their average value.

Portfolio

A grouping of investment tools like equities, bonds, raw goods, actual cash, and assets similar to cash, which also comprises mutual funds and ETFs.