A Transfer of Contract Rights to Another Party Is

question 464

Multiple Choice

A transfer of contract rights to another party is:

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

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Definitions:

Qualified Opinion

An opinion issued by an auditor saying that, as of a given date, the books of a firm represent its financial health; however, the auditor may qualify the opinion either because the firm is facing some uncertainty that might affect the company in the future or because the firm has deviated from generally accepted accounting principles (GAAP) in some minor way.

Sarbanes-Oxley Act

Legislation that places an affirmative duty on the directors of publicly-traded corporations to monitor whether they are conforming to all legal requirements.

Duty of Care

A legal obligation to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

Negligent Credentialing

A legal theory that holds employers or institutions liable for failing to verify the qualifications or competencies of a professional they hire.