Which of the Following Is True Regarding Assignment of Rights

question 65

Multiple Choice

Which of the following is true regarding assignment of rights in China?

• A)Free assignment of rights is permitted only when a contract with a private party is involved unless the contract is one considered "for the good of the people."
• B)Free assignment of rights is permitted only when a contract with a state authority is involved.
• C)Assignment of rights is illegal.
• D)When a private party is involved,the assignor must first get the obligor's approval before an assignment is made.
• E)Free assignment of rights is permitted.

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Definitions:

Bond Indenture

A legal contract specifying all the terms and conditions between a bond issuer and bondholder, including obligations, rights, and protections.

Bond Redemption

The process by which a bond issuer legally repays the principal amount of the bond to the bondholders at or before the bond's maturity date.

Market Prices

The immediate cost at which one can buy or sell an asset or service within the market environment.

Par Value

The nominal or face value of a stock or bond as stated by the issuer, which may differ from its market value.