The party receiving an assignment is:
A)the obligor.
B)the beneficiary.
C)the assignee.
D)the assignor.

Question

Quizplus · Accepted Answer

The party receiving an assignment is called the assignee. They are the ones who are being assigned the rights or obligations that were previously held by the assignor. The assignor is the one who is making the assignment, and the obligor is the one who is obligated to perform the duties outlined in the assignment. The beneficiary is a party who benefits from an agreement or contract, but they are not necessarily involved in the assignment itself.

The Party Receiving an Assignment Is