This topic contains a solution. Click here to go to the answer

Author Question: Directors may vote by proxy when they are not able to be present for a meeting. Indicate whether ... (Read 187 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
Directors may vote by proxy when they are not able to be present for a meeting.
  Indicate whether the statement is true or false

Question 2

Give an example of an assignment of rights and explain the relationship of the parties.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

FALSE

Answer to Question 2

An assignment of rights is the voluntary transfer to a third party of rights arising from a contract. The example used in the textbook was as follows: Ann promises to sell Bart an automobile for which Bart promises to pay 10,000 in monthly installments over the next three years. Ann's right under the contract is to receive payment from Bart, whereas Ann's duty is to deliver the automobile. Bart's right is to receive the automobile; his duty is to pay for it. If Ann were to transfer her right under the contract (the installment payments due from Bart) to Clark for 8,500 in cash, this would constitute a valid assignment of rights. In this case, Ann would be the assignor, Clark would be the assignee, and Bart would be the obligor.




pepyto

  • Member
  • Posts: 547
Reply 2 on: Jun 24, 2018
:D TYSM


AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

There are more bacteria in your mouth than there are people in the world.

For a complete list of videos, visit our video library