Which of the Following Is False Regarding Assignment of Claims

question 43

Multiple Choice

Which of the following is false regarding assignment of claims in Russia?

• A) The assignment of rights, or "assignment of claims," in Russia is highly regulated by the Russian common law.
• B) Russian law does not address the assignment of a contract in the same manner as the United States.
• C) Economic or monetary rights of the assignor may be transferred to another person.
• D) Alimony rights may not be assigned to another person.
• E) Assignments must be in writing.

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Definitions:

Property, Plant, and Equipment

Long-term tangible assets that are used in the normal operations of a business, such as land, buildings, and equipment.

Insurance

A financial product sold by insurance companies to safeguard against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's value over time.

Direct Materials Variances

The difference between the actual cost of direct materials used in production and the expected (standard) cost of those materials.