Asked by Elizabeth Doqaj on Apr 28, 2024
Verified
Mike transfers to Dean his right to receive a payment of $850 due to him from Opal. Dean is the assignee.
Assignee
An individual or entity to whom rights or interests have been transferred by another party, known as the assignor.
Payment
The transfer of money or goods from one party to another as an exchange for goods, services, or to fulfill a legal obligation.
- Comprehend the entitlements and obligations of third parties in the context of contract assignments.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
True
Explanation :
In this scenario, Dean becomes the assignee because he is the party to whom the right to receive the payment has been transferred.
Learning Objectives
- Comprehend the entitlements and obligations of third parties in the context of contract assignments.
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