Fez makes and sells camping gear. Fez and Gobi enter into a contract for a delivery of the gear to Gobi's Outfitters retail locations for an invoiced price. Fez transfers the right to payment under the contract to Haulers Distribution Inc. This transfer is
A)a delegation.
B)an assignment.
C)a third party beneficiary contract.
D)prohibited.

Question

Quizplus · Accepted Answer

This transfer is an assignment because Fez is transferring his right to receive payment from Gobi to Haulers Distribution Inc., which is a common practice in business transactions where one party assigns their rights under a contract to another party.

Fez Makes and Sells Camping Gear