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

Question

Quizplus · Accepted Answer

The delivery of the statement to Carl makes the assignment irrevocable because it signifies Brad's intention to transfer his rights to Carl, and the act of delivery completes the assignment process, making it binding and irrevocable even if Brad dies.

Anita Owes Brad $75,000