Which of the following is true regarding oral assignments?
A)The UCC requires that assignments be in writing when the amount being assigned is greater than $2,000.
B)The UCC requires that assignments be in writing when the amount being assigned in greater than $1,500.
C)In some cases,assignments may be made orally.
D)Assignments,regardless of the terms,are not covered by the statute of frauds.
E)The UCC requires that assignments be in writing when the amount being assigned is greater than $1,000.

Question

Quizplus · Accepted Answer

A)Assignments covered by the statute of frauds must be in writing.While it is usually suggested assignments all be in writing because it is difficult to prove the existence of assignments given orally,it is not required for all assignments to be in writing.
B)Assignments covered by the statute of frauds must be in writing.While it is usually suggested assignments all be in writing because it is difficult to prove the existence of assignments given orally,it is not required for all assignments to be in writing.
C)Assignments covered by the statute of frauds must be in writing.While it is usually suggested assignments all be in writing because it is difficult to prove the existence of assignments given orally,it is not required for all assignments to be in writing.
D)Assignments covered by the statute of frauds must be in writing.While it is usually suggested assignments all be in writing because it is difficult to prove the existence of assignments given orally,it is not required for all assignments to be in writing.
E)Assignments covered by the statute of frauds must be in writing.While it is usually suggested assignments all be in writing because it is difficult to prove the existence of assignments given orally,it is not required for all assignments to be in writing.

Which of the Following Is True Regarding Oral Assignments