Give an example of an assignment of rights and explain the relationship of the parties
An assignment of rights is the voluntary transfer to a third party of rights arising from a contract. The example used in the textbook was as follows: Ann promises to sell Bart an automobile for which Bart promises to pay $10,000 in monthly installments over the next three years. Ann's right under the contract is to receive payment from Bart, whereas Ann's duty is to deliver the automobile. Bart's right is to receive the automobile; his duty is to pay for it. If Ann were to transfer her right under the contract (the installment payments due from Bart) to Clark for $8,500 in cash, this would constitute a valid assignment of rights. In this case, Ann would be the assignor, Clark would be the assignee, and Bart would be the obligor.
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Innovative Installers provides a variety of services related to office space and relocations such as installing modular office furniture and providing space planning and layout consultations Innovative Installers is owned and operated by Mierzett Evans and his sister Glenda Heldris. The company was founded in 1992. It had more than $2 million sales in 2003. The company uses a variety of marketing methods including a Web site, cold calls, and direct mail. Evans and Heldris believe the company could better communicate with potential customers who may not know of the company's existence.Evans and Heldris are expressing concern about:
A. prospecting strategies. B. sales techniques. C. hiring methods. D. the entire sales process. E. communication issues.
Which of the following is a major subject of collective bargaining between employers and employees?
A. Compensation. B. Decisions over which applicants to hire. C. Employee rights and responsibilities. D. Employer rights and responsibilities.
The longest stage of the venture capital process, at one to three months, is:
A. preliminary screening. B. due diligence. C. agreement on principal terms. D. final approval.
Queuing theory had its beginning in the research work of
A) Albert Einstein. B) A.K. Erlang. C) J.K. Rowling. D) P.K. Poisson. E) A.K. Cox.