Contract Types and Implications Multiple Choice1. McCall and Teresa enter into a contract for the distribution of McCalls produce to local restaurants for which Teresa agrees to pay. McCall transfers his right to payment under the contract to Midtown Bank. This transfer isa. a delegation.b. an assignment.c. a novation.d. prohibited by law.2. Kris contracts to work exclusively for Little Manufacturing Company during May for $5,000. On April 30, Little cancels the contract. Kris finds another job during May but earns only $3,000. Kris files a suit against Little. As compensatory damages, Kris can recovera. $3,000.b. $2,000.c. $1,000.d. $0.7. A trademark must be registered to support a trademark infringement action.TrueFalse8. A check, like other negotiable instruments, is a formal contract.TrueFalse.
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