Multiple Choice
Which of the following is true regarding oral assignments?
A) Assignments may not be made orally.
B) The UCC requires that assignments be in writing when the amount being assigned is greater than $5,000.
C) Assignments are not covered by the statute of frauds.
D) The UCC requires that assignments be in writing when the amount being assigned is greater than $2,000.
E) Both that assignments may be made orally and that the UCC requires that assignments be in writing when the amount being assigned is greater than $1,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Which of the following is true regarding
Q21: Which of the following references the maturing
Q25: What is a purpose of the parol
Q28: Which of the following is an exception
Q30: Reference - Painted House. Billy had a
Q32: What do courts generally rule regarding ambiguous
Q39: Which of the following is needed in
Q41: Within the statute of frauds,"land" encompasses not
Q53: A contract stating "I assign all of
Q64: When parties include a[n] _ clause in