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Question
Melanie owes $250 to Jessica. Jessica gifts the right to receive the money from Melanie to her daughter Kelly in writing. This assignment is:
A. unenforceable since a beneficiary modification is prohibited.
B. enforceable despite the lack of consideration.
C. unenforceable because contractual rights cannot be assigned.
D. enforceable because the gift is made in writing.
Answer
This answer is hidden. It contains 137 characters.
Related questions
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The term "Superfund" refers to:
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Which of the following was the earliest federal legislation enacted to protect water bodies against pollution?
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Which Section of The Clayton Act originally prohibited local and territorial price discrimination by sellers?
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Q:
The maximum penalty for a criminal violation of the 1933 Act is a:
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B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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Q:
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C. A securities broker who provides investment advice to retail investors.
D. An attorney who advises companies on corporation and business laws.