Anita owes Brad $75,000.Brad signs a written statement granting Glen a gratuitous assignment of his rights from Anita.Brad delivers the signed statement to Glen six weeks before Brad dies.The assignment is:
A) irrevocable because of the delivery of the statement.
B) terminated upon Brad's death.
C) irrevocable because of the signing of the statement.
D) invalid because it is revocable.

Question

Quizplus · Accepted Answer

The assignment is irrevocable because of the delivery of the statement. When Brad delivered the signed statement to Glen, it constituted a gift of the rights to the money owed by Anita. Once the gift was delivered, it became irrevocable, meaning Brad could not take back the assignment even upon his death, making the assignment irrevocable due to the delivery.

Anita Owes Brad $75,000