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Transfer of the rights and obligations of a contract onto a third party, is called:
Suggested Answer: A
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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.
19 comments · newest first
PA
Page
10 months ago
I thought it was Association, am I wrong?
CI
Ciara
11 months ago
Wait, isn't it Assignation?
AL
Alyce
11 months ago
It's called Assignment!
EA
Earleen
11 months ago
Totally agree, it's definitely Assignment.
LA
Lashawn
11 months ago
Just a heads up, Assignment is the right term here.
BE
Beatriz
11 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.
MA
Marilynn
12 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?
TE
Tesha
12 months ago
I'm not entirely sure, but I remember something about "assignation" being a term we discussed. Could it be D?
CA
Catina
1 year ago
I think the answer might be A, Assignment. We covered that in class, right?
LI
Lizbeth
1 year ago
Assignment, that's the one! I'm confident that's the correct term for transferring contract rights to someone else.
DE
Devorah
1 year 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.
RA
Raul
1 year ago
Okay, I remember learning about this in class. I think the term is "assignment" when the contract rights are transferred.
TI
Tiera
1 year ago
Hmm, I'm not totally sure about this one. I'll have to think it through carefully before answering.
KA
Kate
1 year ago
I'm pretty sure this is asking about assignment, where the rights and obligations of a contract are transferred to a third party.
DE
Denae
1 year ago
Actually, Marsha, Assignation is not the correct term for transferring contract rights. It's A) Assignment.
CO
Cordelia
1 year ago
Definitely A) Assignment. I remember this from my contract law class!
MA
Marsha
1 year ago
I'm not sure, but I think it might be D) Assignation.
SO
Soledad
1 year ago
I agree with Susy, because assignment is transferring rights to a third party.
SU
Susy
1 year ago
I think the answer is A) Assignment.