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 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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