Multiple Choice
Electronics, Inc., sells 250 radios on credit at $20 apiece to Radio Land Retail. Electronics then sells its rights under the contract to Manufacturers' Credit Co. When the payment becomes due, Manufacturers' Credit collects the $5,000 owed to Electronics by Radio Land. This transaction is controlled by the law of _____.
A) negotiation
B) agreement
C) assignment
D) novation
E) representation
Correct Answer:
Verified
Correct Answer:
Verified
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