Asked by Melissa Johnson on Jul 03, 2024
Verified
The UCC prohibits assignments of $5,000 or more.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
Prohibits Assignments
A clause within contracts that restricts or forbids the transfer of rights, responsibilities, or interests from one party to another without prior approval.
- Comprehend the implications of the UCC for contract assignments and the entitlements of third parties.
Verified Answer
SS
shamanie speedJul 09, 2024
Final Answer :
False
Explanation :
The UCC does not prohibit assignments of $5,000 or more.
Learning Objectives
- Comprehend the implications of the UCC for contract assignments and the entitlements of third parties.