Asked by Becca Moore on May 07, 2024
Verified
Carrie and Clayton enter into a contract. Carrie transfers her rights under the contract to Tamir. What is this transfer of rights called?
A) Assignment
B) Referral
C) Disgorgement
D) Privity
E) Transfer
Assignment
The transfer of rights, property, or obligations from one party to another, often used in contracts and in the context of loans or leases.
- Distinguish the responsibilities and privileges of assignors and assignees within the assignment procedure.
Verified Answer
SM
Stephanie MarentisMay 10, 2024
Final Answer :
A
Explanation :
This transfer of rights is called an assignment. In contract law, an assignment is the act of transferring rights or benefits received in a contract to another party.
Learning Objectives
- Distinguish the responsibilities and privileges of assignors and assignees within the assignment procedure.
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