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miv72 [106K]
3 years ago
9

Loren and Kendra enter into a contract for the distribution of Loren’s produce to local restaurants for which he agrees to pay K

endra. Kendra transfers her right to payment under the contract to County Bank. This transfer is
a. an alienation
b. an assignment
c. a delegation
d. prohibited
Business
1 answer:
GarryVolchara [31]3 years ago
5 0

Answer: (B) An assignment

Explanation:

 According to the question, Kendra is transferring her legal right for the payment to the county bank under contract and this transfer is known as an assignment.

An assignment is basically known as the legal document and it contain all the transaction record information from one entity to the other entity. Assignment is one of the legal term that are used in the law of the contract and the property.

 Therefore, Option (B) is correct.  

 

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The process of asset transformation refers to the conversion of:_______
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Explanation:

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6 0
3 years ago
The following information relates to last year's operations at the Legumes Division of Gervani Corporation:
yanalaym [24]

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7 0
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A. How much would you pay for a Treasury bill that matures in 182 days and pays $10,000 if you require a 1.8% discount rate?
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Explanation:

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4 0
3 years ago
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