Which of the following is an illustration of the possession of tangible token rule?

A) An obligee who is owed $10,000 assigns the right of collecting $5,000 each to two assignees.
B) The right of collecting $10,000 is recorded in the assignee's savings account passbook.
C) The assignee can re-assign the right only to a subassignee selected by the obligee.
D) An obligee cannot assign a right to collection more than once.


B

Business

You might also like to view...

All of the following are forms of traditional direct marketing EXCEPT ________

A) personal selling B) point-of-purchase promotion C) telemarketing D) direct-mail marketing E) kiosk marketing

Business

Virtual communication is more effective than face-to-face communication.

Answer the following statement true (T) or false (F)

Business

When state law requires parties to a labor dispute to go to arbitration for a settlement, it is known as _______________________________ arbitration.

Fill in the blank(s) with the appropriate word(s).

Business

Assemble-to-order strategy produces a wide variety of products from relatively few assemblies and components after orders are received

Indicate whether the statement is true or false

Business