An assignment and delegation occurs when there is a transfer of both rights and duties under a contract.

Name: An assignment and delegation occurs when there is a transfer of both rights and duties under a contract.
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Question

Quizplus · Accepted Answer

An assignment and delegation involves the transfer of both rights and duties to a third party, while a novation only involves the transfer of duties. Therefore, the statement is true.

An Assignment and Delegation Occurs When There Is a Transfer