A(n) ___________ is the voluntary transfer to a third party of the rights arising from a contract.
A) assignment
B) negotiation of bearer paper
C) negotiation of order paper
D) negotiation

Question

Quizplus · Accepted Answer

An assignment is the correct term for the voluntary transfer of rights arising from a contract to a third party. This process allows the assignor to transfer their rights under the contract to another party, known as the assignee, without transferring their obligations unless specifically agreed upon.

A(n) ___________ Is the Voluntary Transfer to a Third Party