Jimmy and Penny enter into a contract.Jimmy transfers his rights under the contract to Luis.Jimmy is an:
A)Relator
B)Assignor
C)Transferor
D)Transferee
E)Assignee

Question

Quizplus · Accepted Answer

A)An assignor is a party to a contract who transfers his or her rights to receive something under the contract to a third party.Jimmy transferred his rights,so he is an assignor.
B)An assignor is a party to a contract who transfers his or her rights to receive something under the contract to a third party.Jimmy transferred his rights,so he is an assignor.
C)An assignor is a party to a contract who transfers his or her rights to receive something under the contract to a third party.Jimmy transferred his rights,so he is an assignor.
D)An assignor is a party to a contract who transfers his or her rights to receive something under the contract to a third party.Jimmy transferred his rights,so he is an assignor.
E)An assignor is a party to a contract who transfers his or her rights to receive something under the contract to a third party.Jimmy transferred his rights,so he is an assignor.

Jimmy and Penny Enter into a Contract