Asked by Michael McGuire on May 26, 2024
Verified
Which of the following is true of assignments?
A) Early common law recognized assignments.
B) Contract rights have always been considered transferable.
C) Article 2 of the UCC deals with assignments of rights under a contract for the sale of goods.
D) The laws regarding assignment have gradually become stricter.
UCC
Stands for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
Assignments
Tasks, duties, or responsibilities allocated to someone, or the transfer of legal rights from one party to another.
- Become familiar with the legal implications and requirements for a legitimate task distribution and delegation.
Verified Answer
PM
Peter MasihMay 27, 2024
Final Answer :
C
Explanation :
Contract rights have not always been transferable.Early common law refused to permit assignment or delegation because debts were considered to be too personal to transfer.The rules of law regarding the assignment of contracts have gradually become more liberal.Legal principles regarding assignment are found not only in the common law of contracts but also in Articles 2 and 9 of the Uniform Commercial Code.Section 2-210 of Article 2 contains principles applicable to assignments of rights under a contract for the sale of goods.
Learning Objectives
- Become familiar with the legal implications and requirements for a legitimate task distribution and delegation.