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

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


Answer: A

Business

You might also like to view...

The controller's staff often consists of several management accountants. All of the following would most likely be on the controller's staff EXCEPT:

A) general accountants B) budgets and budget analysts C) investments and shareholder relations managers D) cost accountants

Business

One of the criteria for creating a competitive advantage through human resources is that they should be

A. easily available. B. commonplace. C. inimitable. D. spontaneous. E. expensive.

Business

The UP phase focused on specification of use-cases and scope definition of a project is

A) construction. B) elaboration. C) inception. D) transition.

Business

The value of a bond is equal to the present value of the bond's interest payments plus the present

value of the bond's maturity value, all discounted at the bond's coupon rate. Indicate whether the statement is true or false

Business