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Transfer of Actionable claim is known as___________
Undivision
Division
Combination
Assignment
- Option 1: Undivision
- Generally refers to reversing a division.
- Not commonly used in legal or financial contexts.
- Option 2: Division
- Usually means separating into parts.
- Relevant in contexts like mathematics or organizational structuring.
- Not related to actionable claims.
- Option 3: Combination
- Means merging different elements into a single one.
- Often used in contexts unrelated to actionable claims like cooking or strategy-making.
- Option 4: Assignment
- Refers to the transfer of rights or property to another party.
- In legal terms, it's the correct term for transferring actionable claims.
Correct Answer: Option 4 - Assignment
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