CIPS Exam L3M3 Topic 2 Question 39 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 39
Topic #: 2

[All L3M3 Questions]

Transfer of the rights and obligations of a contract onto a third party, is called:

AAssignment

BAssociation

CAcceptance

DAssignation

Show Suggested Answer

Suggested Answer: A

Essentially the contract is now between two different parties because one party has assigned the contract to someone else.

It's always a good idea to check whether this is permitted under a contract, otherwise you might finish up doing business with someone you didn't plan to do business with.

by Alexia at Aug 13, 2025, 07:07 PM

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Marsha

14 days ago

I'm not sure, but I think it might be D) Assignation.

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Soledad

16 days ago

I agree with Susy, because assignment is transferring rights to a third party.

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Susy

17 days ago

I think the answer is A) Assignment.

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