Jimmy and Penny Enter into a Contract

question 43

Multiple Choice

Jimmy and Penny enter into a contract. Jimmy transfers his rights under the contract to Luis. Luis is a(n) :

• A) Transferor
• B) Transferee
• C) Relator
• D) Assignor
• E) Assignee

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Definitions:

Religion Influence

The impact of religious beliefs, practices, and institutions on individuals, societies, and cultures, shaping morals, laws, and traditions.

Christian Academies

Private educational institutions that provide academic instruction based on Christian values and beliefs, often including biblical study as part of the curriculum.

Tax Breaks

Financial reductions or credits granted by governments to encourage certain behaviors or investments, reducing the tax liability for individuals or corporations.

Racial Discrimination

Refers to the prejudicial treatment of individuals based on their race, where one race is deemed superior or inferior to another.