What is the modern view when a legal document refers to the assignment of a contract?
A) Only the rights of one party are assigned, and no duties of either party are assigned.
B) The rights of both parties are assigned, but no duties are assigned.
C) The rights of one party are assigned and that same party's duties are simultaneously delegated.
D) The rights of both parties are assigned, and the duties of both parties are delegated.
E) The rights are assigned only if the obligor consents, and duties are never assigned.

Question

Quizplus · Accepted Answer

The modern view when a legal document refers to the assignment of a contract is that the rights of one party are assigned, and that same party's duties are simultaneously delegated. This means that the assignee "steps into the shoes" of the assignor and assumes their rights and obligations under the contract. However, the duties of the other party cannot be assigned without their consent.

What Is the Modern View When a Legal Document Refers