Conrad, an accountant, who performed tax services for Glenn, a small business owner, earned a $5,000 fee over a three-month period. Conrad then assigned this fee to her bank to apply toward a loan. Based on this information, which of the following statements is correct?
a. Legally, Conrad's claim is not assignable.
b. Only claims other than money are assignable.
c. Conrad's right to the $5,000 fee is assignable because it involves a claim for money.
d. Conrad's right to collect $5,000 is not assignable without the bank's permission.
C
You might also like to view...
Which process relies heavily on the common need that people have to appear consistent, both to themselves and to others?
A. commitment to a position B. social proof C. persistence and tenacity D. persuading at a distance
The management of Watchdog Security Systems has calculated the following variances:
What is the total direct labor variance of the company?
A) $15,000 F
B) $12,000 F
C) $28,500 F
D) $1500 F
One of the most common ways of monitoring customers and potential customers is by using ____________.
a. Computer viruses b. Spyware c. Cookies d. Hardware
Which component of a firm's capital structure is the most difficult to estimate?
A) Preferred stock B) Equity C) Bank loans D) Bond-financed debt E) Private placements of debt