What is one reason why the right to assign monetary payments cannot be denied?
A) Because denial of the right to assign monetary payments would be a violation of the statute of frauds.
B) Because denial of the right to assign monetary payments would be a violation of the UCC.
C) Because companies often transfer rights to payments in the regular course of business.
D) Because the doctrine of promissory estoppel guarantees the right to assign monetary payments.
E) Because privity of contract gives each party the right to assign monetary payments.

Question

Quizplus · Accepted Answer

Assignments of rights to payments are common in business transactions, allowing companies to manage cash flow, debts, and investments more flexibly. This practice is recognized and protected under commercial law, facilitating the smooth operation of businesses.

What Is One Reason Why the Right to Assign Monetary