Which of the Following Is a True Statement Regarding an Assignee's

question 26

Multiple Choice

Which of the following is a true statement regarding an assignee's acceptance of assigned rights?

• A)An assignee must agree to accept assigned rights,and there is a strict protocol for doing so.
• B)A creditor beneficiary must accept assignment of rights,but there is no requirement that a donee beneficiary do so.
• C)An assignee may only decline an assignment if a delegation of duties is also involved.
• D)A donee beneficiary must accept assignment of rights,but there is no requirement that a creditor beneficiary do so.
• E)An assignee may decline an assignment if he has not agreed to it and declines in a timely fashion after learning of it.

Understand the requirements for writings under the Uniform Commercial Code (UCC) and how they differ from common law.

Analyze the concept and purpose of the parol evidence rule.

Understand the practical applications and exceptions to the parol evidence rule.

Identify and explain the roles of admissions, partial performance, and promissory estoppel in contract law.

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Definitions:

Noncash Investing

Investment activities that do not involve the immediate inflow or outflow of cash, such as acquiring assets through the issuance of equity.

Capital Acquisitions Ratio

A financial metric that compares total acquisitions of property, plant, and equipment with cash flow from operating activities, indicating the extent to which operating cash flows are used to finance capital expenditures.

Operating Activities

The principal revenue-producing activities of an entity and other activities that are not investing or financing activities.

Comparative Balance Sheets

Comparative balance sheets present the financial position of a business at different points in time, allowing for analysis of trends and changes.