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CIPS L3M3 Exam - Topic 2 Question 39 Discussion

Transfer of the rights and obligations of a contract onto a third party, is called:
A) Assignment
B) Association
C) Acceptance
D) Assignation

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:

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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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8 months ago
I thought it was Association, am I wrong?
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Ciara
9 months ago
Wait, isn't it Assignation?
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Alyce
9 months ago
It's called Assignment!
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Earleen
9 months ago
Totally agree, it's definitely Assignment.
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Lashawn
9 months ago
Just a heads up, Assignment is the right term here.
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Beatriz
9 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
10 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
10 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
10 months ago
I think the answer might be A, Assignment. We covered that in class, right?
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Lizbeth
10 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
11 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
11 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
11 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
11 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
11 months ago
Actually, Marsha, Assignation is not the correct term for transferring contract rights. It's A) Assignment.
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Cordelia
11 months ago
Definitely A) Assignment. I remember this from my contract law class!
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Marsha
1 year ago
I'm not sure, but I think it might be D) Assignation.
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Soledad
1 year ago
I agree with Susy, because assignment is transferring rights to a third party.
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Susy
1 year ago
I think the answer is A) Assignment.
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