A Transfer of Contractual Duties to a Third Party Is

question 584

Multiple Choice

A transfer of contractual duties to a third party is a(n) :

• A) delegation
• B) assignment
• C) reassignment
• D) termination
• E) enlistment

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Definitions:

Declaration

A formal statement, announcement, or document outlining intentions, conditions, or observations on certain matters.

Covenants

Legally enforceable agreements or promises within a deed or contract, specifying actions the parties must or must not engage in.

Joint Tenancy

A form of co-ownership where property is owned by two or more parties with equal rights to the whole property, and with the right of survivorship.

Tenancy In Common

A type of co-ownership in which each owner has the right to sell his or her interest without the consent of the other owners, may own an unequal share of the property, and may have a creditor attach his or her interest.