For an Assigned Claim to Be Valid, _____

question 14

Multiple Choice

For an assigned claim to be valid, _____.

• A) the assignor need not have the capacity to contract
• B) the contract must not be voidable for any other reason known to the assignor
• C) the contract must have been discharged once prior to the assignment
• D) the assignee must have a good title to the rights assigned

---

Definitions:

Tax Deduction

Expenses subtracted from gross income to determine taxable income, which can reduce the amount of tax owed.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment or project, reflecting the present value of all future cash flows minus initial investments.

Internal Rate

Often synonymous with "Internal Rate of Return," referring to the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Capital Expenditure

Capital deployed by a corporation to buy, improve, and upkeep tangible assets like land, factories, or machinery.