Frank and AgriShip,Inc. ,enter into a contract for AgriShip to transport a silo of soybeans for which Frank agrees to pay.When AgriShip's schedule conflicts,the firm contacts Hybrid Transport Company,to which AgriShip "assigns all rights under the contract." This transfer is
A)an assignment and a delegation.
B)an assignment only.
C)a delegation only.
D)neither an assignment nor a delegation.

Question

Quizplus · Accepted Answer

This transfer is both an assignment and a delegation. It is an assignment because AgriShip is transferring all of its rights under the contract to Hybrid Transport Company. It is also a delegation because AgriShip is transferring its duty to perform under the contract to Hybrid Transport Company. Hybrid Transport Company will now be responsible for transporting the soybeans and collecting payment from Frank.