Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Please choose the correct statement that is most accurate with respect to terminology used in assignment cases: (A)in a bilateral contract each party is an

1.Please choose the correct statement that is most accurate with respect to terminology used in assignment cases:

(A)in a bilateral contract each party is an obligor (who is entitled to receive performance of another) and an obligee (who has an obligation to perform)

(B)an obligee delegates rights, and an obligor delegates duties

(C)the term assignment may mean a transfer of a contractual right, or it may mean a transfer of both rights and duties

(D)the person making the transfer is called the assignee, and the one receiving the transfer is called the assignor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management in Practice

Authors: Samuel J. Mantel Jr., Jack R. Meredith, Sco

4th edition

470533013, 978-0470533017

More Books

Students also viewed these General Management questions