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

Question

Quizplus · Accepted Answer

A)Assignment occurs when a party to a contract-an assignor-transfers his or her rights to receive something under the contract to a third party-an assignee.
Because the rights were transferred to Luis,Luis is an assignee.
B)Assignment occurs when a party to a contract-an assignor-transfers his or her rights to receive something under the contract to a third party-an assignee.Because the rights were transferred to Luis,Luis is an assignee.
C)Assignment occurs when a party to a contract-an assignor-transfers his or her rights to receive something under the contract to a third party-an assignee.Because the rights were transferred to Luis,Luis is an assignee.
D)Assignment occurs when a party to a contract-an assignor-transfers his or her rights to receive something under the contract to a third party-an assignee.Because the rights were transferred to Luis,Luis is an assignee.
E)Assignment occurs when a party to a contract-an assignor-transfers his or her rights to receive something under the contract to a third party-an assignee.Because the rights were transferred to Luis,Luis is an assignee.

Jimmy and Penny Enter into a Contract