A valid assignment requires that notice be given to the obligor
Indicate whether the statement is true or false
False
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A third party can increase the supply chain surplus by aggregating demand across multiple firms and gaining production economies of scale that no single firm can on its own. This is called
A) capacity aggregation. B) inventory aggregation. C) warehouse aggregation. D) relationship aggregation.
An employee for a beverage company combines the ingredients used in creating the mix. Later he is fired from the company and decides to sell the same mix under a new label to a competing company. What concept might be represented in this action?
a. a copyright violation b. a trade secret, provided a nondisclosure was signed by the employee c. a trade secret, regardless of the lack of a nondisclosure agreement d. No violation. Secrets are secrets only until they are known.
Gliding Light, LLC, and Hang Gliders, Inc, are parties to a contract. They subse¬quently agree that High Riders Inc should take Gliding Light's place and assume all of its rights and duties under the contract. This is
a. a mutual agreement to rescind. b. an accord and satisfaction. c. a novation. d. a settlement agreement.
A "living will"
A) is also know as an irrevocable living trust. B) automatically redirects assets to your beneficiaries as you age. C) is a medical directive indicated the type of life support you wish to receive should you be incapacitated. D) transfers your assets to your beneficiaries before you die in the event you become incapacitated.