Which of the Following Is True Regarding Oral Assignments

question 66

Multiple Choice

Which of the following is true regarding oral assignments?

• A) In some cases, assignments may be made orally.
• B) Assignments, regardless of the terms, are not covered by the statute of frauds.
• C) The UCC requires that assignments be in writing when the amount being assigned is greater than $1,000.
• D) The UCC requires that assignments be in writing when the amount being assigned in greater than $1,500.
• E) The UCC requires that assignments be in writing when the amount being assigned is greater than $2,000.

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Definitions:

Angioplasty

A medical procedure used to widen narrowed or obstructed arteries or veins, typically to treat arterial atherosclerosis.

Occluded

Occluded refers to something being blocked or closed up, preventing passage through it, often used in reference to blood vessels or pores.

Coronary Artery

A vital artery that supplies blood to the heart muscle, essential for providing oxygen and nutrients.

Pulmonary Trunk

The primary artery responsible for transporting blood from the heart's right ventricle to the lungs to receive oxygen.