Tina's grandparents purchased a $250,000 universal life insurance with the intent to permanently transfer ownership to her when she turned 21. What is that transfer of rights known as?
A) an absolute assignment
B) a collateral assignment
C) absolute change of beneficiary
D) ownership rights"
Ans: A) an absolute assignment
Business
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A) increase usage of the product B) stimulate trial purchase C) match or preempt competitive actions D) stockpile the product
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A sale of goods is defined under UCC Article 2 as transfer of title to intangible property for a price
Indicate whether the statement is true or false
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