Linda assigns to Ben a right to receive rent payments. In terms of Linda's warranty as the assignor, the law implies which of the following?
A. that the tenant is solvent
B. that Linda actually has a right to the rental payments
C. that the tenant will actually pay
D. No warranties are implied by law in an assignment.
Answer: B
You might also like to view...
The more complex a culture is, the less likely it is to develop subcultures
a. True b. False
The bullwhip effect moves a supply chain away from the efficient frontier by increasing cost and decreasing responsiveness
Indicate whether the statement is true or false.
Java programs that access a database from an applet must use a Type 2 JDBC driver
Indicate whether the statement is true or false
What does the agency problem refer to?
A) The conflict that exists between the board of directors and the employees of the firm. B) The problem associated with financial managers and Internal Revenue agents. C) The conflict that exists between stockbrokers and investors. D) The problem that results from potential conflicts of interest between the manager of a business and the stockholders.