Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

With respect to assignment and delegation technically: Select one: a. The word assignment refers to rights being transferred, but if a contract still has

image text in transcribed

With respect to assignment and delegation technically: Select one: a. The word assignment refers to rights being transferred, but if a contract still has both rights and obligations that have yet to be performed and the parties agree to "assign the contract" most courts will treat this as both an assignment and a delegation. b. A delegation is the same as a novation. c. The word delegation refers to rights being transferred, but If a contract still has both rights and obligations that have yet to be performed and the parties agree to "delegate the contract" most courts will treat this as only a transfer of rights and not as a transfer of obligations. d. An assignment of an existing contract is the same as a contract to assign e. None of the above.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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 A User Perspective

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

6th Canadian Edition

978-0470676608

Students also viewed these Accounting questions

Question

What are the key skills a project manager needs to be successful?

Answered: 1 week ago

Question

What are the key elements of a system investigation report?

Answered: 1 week ago