Beta Corporation and Code Inc. enter into a contract for the design of custom software for which Beta agrees to pay $5,000. Code transfers the right to payment under the contract to Debits LLC. Debits is
A) an obligor .
B) an assignee.
C) a third-party beneficiary.
D) a delegatee.

Question

Quizplus · Accepted Answer

Debits LLC is an assignee because Code Inc. transferred its right to receive payment under the contract to Debits LLC. An assignee is a party to whom rights under a contract are transferred.