Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A(n) _____ occurs when a party to a contract transfers his or her rights to receive something under the contract to a third party. A.

A(n) _____ occurs when a party to a contract transfers his or her rights to receive something under the contract to a third party.

A. aleatory contract

B. assignment

C. third-party beneficiary contract

D.delegation

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

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

2nd Edition

047116920X, 978-0471169208

More Books

Students also viewed these Accounting questions

Question

Explain the need for a new field of financial therapy.

Answered: 1 week ago