When rights or duties that arise from a contract are legally transferred to a third party, such contracts are an exception to the general rule that only the parties to a contract have rights and duties under it.

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Quizplus · Accepted Answer

This statement is true. Contracts can be assigned or delegated to a third party, allowing them to take on the rights and responsibilities outlined in the original contract. This can happen through a legal process known as assignment or delegation.

When Rights or Duties That Arise from a Contract Are