Asked by
Ammar Ishaq
on Nov 27, 2024
Verified
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.
Invoiced Price
The cost specified on an invoice for goods or services, representing the amount demanded by the seller from the buyer.
Assignment
The act of transferring to another all or part of one’s rights arising under a contract.
- Gain an understanding of the statutes and precepts controlling the assignment and delegation of duties and privileges within a contract.
- Identify the distinctions between assignments and delegations, including the legal outcomes of each.
Verified Answer
LB
Learning Objectives
- Gain an understanding of the statutes and precepts controlling the assignment and delegation of duties and privileges within a contract.
- Identify the distinctions between assignments and delegations, including the legal outcomes of each.