Question

A contract cannot forbid the assignment of the right to receive _______. Assignments also cannot be restricted for the transfer of ________, also called a restraint against ________. A contract cannot prohibit the assignment of checks or promissory notes, also called __________. The right to receive in a contract for the sale of _________ also can be assigned, even if the contract forbids it.

Answer 1

Answer:

A contract cannot forbid the assignment of the right to receive funds. Assignments also cannot be restricted for the transfer of real state, also called a restraint against alienation. A contract cannot prohibit the assignment of checks or promissory notes, also called negotiable instruments. The right to receive in a contract for the sale of goods also can be assigned, even if the contract forbids it.

Explanation:

* Funds: a pool of money put apart for a specific purpose. Funds are usually managed by professionals. We could find funds destined for scholarships, pensions, city works, among others.

* Real state:  refers to land, the buildings of that land and its natural resources. There are 3 main categories: Residential -houses, condominiums, and townhomes; Commercial -offices, warehouses, and retail store buildings; and Industrial -factories, mines, and farms.

* Alienation: a legal term used to explain the act of transferring property.  

* Negotiable instruments: transferable documents that promise payment to a certain person. The beneficiary must be named in the document.

* Goods: any object that satisfies human needs. Those could be tangible and non-tangible.