FACTS.The MGM Hotel & Casino in Las Vegas enters into a contract with Celine Dion to perform five nights each week for two years.The contract pays Celine $200,000 for each performance.During the Christmas holidays, Celine becomes bored and decides to fly to the Bahamas for New Year's Eve.She calls her friend Madonna and asks if Madonna is willing to perform on New Year's Eve if Celine agrees to transfer to her the $200,000 which Celine would be paid under the contract.Madonna is excited about spending New Year's Eve in Las Vegas and happily agrees to perform.

QUESTION 1:What is the legal term for the act of Celine's transfer to Madonna of the right to receive the contract payment of $200,000?

QUESTION 2:What is the legal term for the act of Celine's transfer to Madonna of the obligation to perform at the MGM Hotel & Casino on New Year's Eve?

QUESTION 3:Can Celine do this without the consent of the MGM Hotel & Casino?Explain your answer.

QUESTION 4:Does the MGM Hotel & Casino have a claim against Celine Dion if Madonna secretly shows up and puts on a smashing show which leaves the MGM customers so deliriously excited and happy that they spend and gamble away twice as much money as when Celine Dion performs? Explain your answer.