Question

Which of the following is true regarding oral assignments?

A. Assignments may be made orally.
B. The UCC requires that assignments be in writing when the amount being assigned is greater than $1,000.
C. Assignments are not covered by the statute of frauds.
D. The UCC requires that assignments be in writing when the amount being assigned in greater than $2,000.
E. Both that assignments may be made orally and that the UCC requires that assignments be in writing when the amount being assigned is greater than $1,000.

Answer 1

The answer is C-Assignment are not covered by the statute of fraud