Orchid and Peony enter into a contract for the sale of Orchid’s textbook at the end of the fall semester for which Peony agrees to pay Orchid $75. Peony wants to transfer her right to payment for the book to Queenie. This transfer is

Question

Quizplus · Accepted Answer

This is an assignment, as Peony is transferring her right to payment to a third party (Queenie). A delegation would involve Peony transferring her obligation to perform (e.g. delivering the book) to Queenie. Prohibition or third-party beneficiary contract are not applicable in this scenario.

Orchid and Peony Enter into a Contract for the Sale