Asked by Louvena Auguste on Sep 30, 2024
On August 1,Neptune Fisheries contracted in writing with West Markets to deliver to West 3,000 pounds of lobsters at $4 a pound.Delivery of the lobsters was due October 1 with payment due November 1.On August 4,Neptune entered into a contract with Deep Sea Lobster Farms which provided as follows: "Neptune Fisheries assigns all the rights under the contract with West Markets dated August 1 to Deep Sea Lobster Farms." The best interpretation of the August 4 contract would be that it was:
A) only an assignment of rights by Neptune.
B) only a delegation of duties by Neptune.
C) an assignment of rights and a delegation of duties by Neptune.
D) an unenforceable third-party beneficiary contract.
Assignment
The transfer of rights, property, or duties from one party to another.
Delegation
The act of assigning responsibility or authority to another person to carry out specific duties.
Third-Party Beneficiary
An individual or entity that, while not a direct party to a contract, is intended by the contracting parties to benefit from it.
- Understand and separate the concepts of assignment and delegation in contractual situations.
- Gain insight into the legal impacts and necessities of a valid transfer and allocation of duties.
Learning Objectives
- Understand and separate the concepts of assignment and delegation in contractual situations.
- Gain insight into the legal impacts and necessities of a valid transfer and allocation of duties.