CIPS L3M3 Exam - 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, 06:07 PM

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5 months ago

I thought it was Association, am I wrong?

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Ciara

5 months ago

Wait, isn't it Assignation?

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Alyce

5 months ago

It's called Assignment!

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Earleen

6 months ago

Totally agree, it's definitely Assignment.

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Lashawn

6 months ago

Just a heads up, Assignment is the right term here.

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Beatriz

6 months ago

I keep mixing up these terms. Is Association even a thing in contracts? I’m leaning towards A, but I’m not confident.

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Marilynn

6 months ago

I feel like I've seen a question like this before, and I think it was also about Assignment. So maybe A is the right choice?

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Tesha

7 months ago

I'm not entirely sure, but I remember something about "assignation" being a term we discussed. Could it be D?

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Catina

7 months ago

I think the answer might be A, Assignment. We covered that in class, right?

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Lizbeth

7 months ago

Assignment, that's the one! I'm confident that's the correct term for transferring contract rights to someone else.

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Devorah

7 months ago

I'm a little confused by the wording of this question. Let me re-read it and see if I can figure out the right answer.

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Raul

7 months ago

Okay, I remember learning about this in class. I think the term is "assignment" when the contract rights are transferred.

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Tiera

8 months ago

Hmm, I'm not totally sure about this one. I'll have to think it through carefully before answering.

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Kate

8 months ago

I'm pretty sure this is asking about assignment, where the rights and obligations of a contract are transferred to a third party.

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Denae

8 months ago

Actually, Marsha, Assignation is not the correct term for transferring contract rights. It's A) Assignment.

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Cordelia

8 months ago

Definitely A) Assignment. I remember this from my contract law class!

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Marsha

9 months ago

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

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Soledad

9 months ago

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

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Susy

9 months ago

I think the answer is A) Assignment.

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