Series 79 practice questioneasyStock vs Asset Purchases
In an asset purchase, which of the following is generally transferred to the buyer only with third-party consent?
- AAssigned contracts with anti-assignment clauses✓ Correct answer
- BPhysical assets like inventory
- CCash on hand
- DPrepaid expenses
Explanation
Why A — Assigned contracts with anti-assignment clauses
Contracts with anti-assignment provisions require third-party consent for transfer. Other assets like inventory or cash usually transfer as agreed, making them less likely to present a transfer hurdle.
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