Rachel and Stuart enter into a contract for the sale of Rachel's textbook at the end of the fall semester for which Stuart agrees to pay $75. Rachel wants to transfer her right to payment for the book to Terry. This transfer is
A) a delegation .
B) an assignment.
C) prohibited.
D) a third-party beneficiary contract.

Question

Quizplus · Accepted Answer

An assignment involves transferring rights under a contract to another party. Here, Rachel is transferring her right to receive payment from Stuart to Terry, which is an assignment.

Rachel and Stuart Enter into a Contract for the Sale