The voluntary transfer of a contractual right to a third party is known as a(n):
A) implied warranty.
B) assignment.
C) delegation.
D) novation.

Question

Quizplus · Accepted Answer

An assignment is the voluntary transfer of a contractual right to a third party. Implied warranty is a term used in product liability, delegation is the transfer of a duty to a third party, and novation is the substitution of a new contract or party for an existing one.

The Voluntary Transfer of a Contractual Right to a Third