The transfer of rights under a contract is called a(n):
A) obligence.
B) assignment.
C) delegation.
D) accord.
E) stipulation.

Question

Quizplus · Accepted Answer

The transfer of rights under a contract is called an assignment. An assignment is a transfer of a party's right to receive performance from the other party to a third party. This is distinct from a delegation, which is the transfer of a party's duties to a third party.

The Transfer of Rights Under a Contract Is Called A(n)