Contratos y EjecuciónPregunta 835 de 1605
Assignment of a contract generally refers to:
a.Transferring one's contractual rights (such as the right to payment) to a third party
b.Canceling the contract entirely
c.Adding a liquidated damages clause
d.Delegating a duty to a third party to perform
Explicación
An assignment is the transfer of a party's rights under a contract, such as the right to receive payment, to a third party (the assignee). It is distinguished from delegation, which is the transfer of a party's duties or performance obligations. Assignment does not cancel the contract or add clauses; it simply moves the benefit of the contract to someone else, subject to any contractual limits on assignment.
Practica las 1605 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- How does mediation differ from binding arbitration?
- A construction contract contains a valid clause requiring the parties to arbitrate all disputes. If one party nonetheless files a lawsuit in court, the other party can typically:
- One commonly cited advantage of arbitration over traditional litigation is that it:
- A general contractor delegates the plumbing work to a licensed plumbing subcontractor. With respect to the owner, the general contractor generally remains:
- Which type of contractual duty is generally NOT delegable to another party without the other party's consent?
- A 'novation' occurs when:
Última revisión: · proceso editorial
Sen Lin, Fundador de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)