If Velma,as a birthday present,assigns to Jim her contractual right to collect $50 from Wood Co. ,this would be a gratuitous assignment.

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A gratuitous assignment is one where the assignor (in this case, Velma) assigns a right or property to the assignee (Jim) without receiving any consideration in return. In this scenario, Velma is giving Jim the right to collect $50 from Wood Co. as a birthday present, without receiving anything in return. Therefore, it is a gratuitous assignment.

If Velma,as a Birthday Present,assigns to Jim Her Contractual Right