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

Question

Quizplus · Accepted Answer

An assignment is the act of transferring to another individual or entity the rights and benefits that one party holds in a contract. This does not necessarily transfer the obligations under the contract unless the other party to the contract agrees.

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