Which of the Following Is a Correct Statement Regarding the Assignment

question 47

Multiple Choice

Which of the following is a correct statement regarding the assignment of contractual rights?

• A) Formalities are required to create an assignment.
• B) The law does not recognize an oral assignment.
• C) Consideration is generally required to create an assignment.
• D) Contractual rights can be given away as well as sold.

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Definitions:

Cognitive Psychologist

A professional who studies mental processes such as "attention, language use, memory, perception, problem-solving, creativity, and thinking."

Conception

The process of fertilization where a sperm and egg combine, leading to the formation of a zygote and the beginning of pregnancy.

Prenatal Development

The development and growth journey inside the womb, starting from conception and culminating in birth.

Adult Personality

The patterns of thought, feeling, and behavior that are characteristic of an individual and that are typically fully developed or matured in adulthood.