Explain the difference between a transfer of a person's rights by assignment under the law of contracts, and a transfer of a negotiable instrument by negotiation under the UCC
With the transfer of rights by assignment under the rules of contract law, the assignee (to whom the rights are transferred), receives only those rights that the assignor possessed. With a transfer by negotiation, under the UCC rules dealing with negotiable instruments, the transferee becomes a holder who will acquire significantly more rights than the assignee under contract law.
You might also like to view...
Tang drink powder became a $1 billion brand as regional managers in the Middle East added mango and pineapple flavors
Indicate whether the statement is true or false
How does a limited liability company (LLC) differ from a Subchapter S corporation?
A) An LLC is taxed at a higher rate than a Subchapter S corporation. B) There is no limit on the number of members in an LLC, whereas a Subchapter S corporation limits the number of members. C) An LLC is taxed as a corporation, whereas a Subchapter S corporation is taxed as a partnership. D) The liability limit for members of an LLC is higher than that for a Subchapter S corporation.
The bars in a Gantt chart show?
a. Precedence relationships b. Activity descriptions c. Activity start and finish times d. Activity resources needed
Howard is a young entrepreneur who has invested in creating a new form of social media. He is sure of his idea and believes that it will be successful in the long run. However, he is careful not to be overoptimistic about it and works on other ideas as well. In the given scenario, which of the following statements is true of Howard?
A. He has an external locus of control. B. He is docile. C. He is a conformist. D. He is confident but not overconfident regarding his abilities.