A transfer of contractual duties by an obligor to another party for performance is called a(n)________.
A) accord
B) assignment
C) delegation
D) satisfaction

Question

Quizplus · Accepted Answer

A transfer of contractual duties by an obligor to another party for performance is called delegation. Option A, an accord, is a new agreement that modifies contractual terms. Option B, an assignment, is a transfer of contractual rights to another party. Option D, satisfaction, is the completion of a contractual obligation.

A Transfer of Contractual Duties by an Obligor to Another