John Was Indebted to Stan on a Loan for $1,000

question 73

True/False

John was indebted to Stan on a loan for $1,000.Stan assigned John's promise to pay to Bob.
-The assignment by Stan to Bobmust be in writing to be an effective assignment.

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Definitions:

Hierarchical

Relating to a system where people or things are organized into levels of importance or rank.

Social Communication

The process of exchanging information and ideas through interactive dialogue between individuals or groups.

Permission

Consent or authorization given by one party to another to perform actions or access information.

Unidirectional

Communication or a process that moves in a single direction, from sender to receiver, without feedback or interaction.