Which of the Following Is True of an Assignment

question 49

Multiple Choice

Which of the following is true of an assignment?

• A) It is considered as a negotiation under Article 3 of the Uniform Commercial Code (UCC).
• B) The transferee is known as a holder in due course.
• C) Defenses to the enforcement of the contract against the assignor can be raised against the assignee.
• D) Only negotiable instruments can become assignments.

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Definitions:

Competitive World Market

A global economic environment where businesses compete across borders to offer the best products and services.

Trade Restrictions

Measures imposed by governments to control or limit the exchange of goods and services across their borders, including tariffs, quotas, and embargoes.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade.

Exports Cars

The activity of selling and shipping cars from one country to another, contributing to a country's trade balance.