Revenue & Sales Corporation and Software, Inc., enter into a contract for the design of custom software for which Revenue & Sales agrees to pay $64,500. Software transfers the right to payment under the contract to CreditLine LLC. CreditLine is
A) an assignor.
B) an assignee.
C) a third-party beneficiary.
D) a delegatee.

Question

Revenue & Sales Corporation and Software, Inc., enter into a contract for the design of custom software for which Revenue & Sales agrees to pay $64,500. Software transfers the right to payment under the contract to CreditLine LLC. CreditLine is
A) ​an assignor.
B) ​an assignee.
C) ​a third-party beneficiary.
D) ​a delegatee.

Quizplus · Accepted Answer

CreditLine LLC is the recipient of the right to payment under the contract, which is an example of an assignment. Therefore, CreditLine LLC is an assignee.