The transfer of contractual rights by an obligee to another party is known as a(n)________.
A) assignment
B) accommodation
C) delegation
D) substitution

Question

Quizplus · Accepted Answer

The transfer of contractual rights by an obligee to another party is known as an assignment. Choice B) accommodation refers to a situation where a party to a contract agrees to accept a different performance than that which was originally promised. Choice C) delegation refers to the transfer of duties by a party to a contract to another party. Choice D) substitution is not a term commonly used in contract law.

The Transfer of Contractual Rights by an Obligee to Another