When a contracting party dies, contract rights are assigned to the:
A) parents of the deceased person.
B) heirs of the deceased person.
C) administrator or executor of the estate.
D) spouse of the deceased person.

Question

Quizplus · Accepted Answer

When a contracting party dies, their contract rights are assigned to the administrator or executor of their estate. The administrator or executor is responsible for handling the deceased person's affairs and distributing their assets to their heirs or beneficiaries. The heirs of the deceased person may eventually receive the benefits of the contract, but those rights are initially assigned to the administrator or executor of the estate.

When a Contracting Party Dies, Contract Rights Are Assigned to The