Selena Delegates Her Rights Under a Contract

question 9

Multiple Choice

Selena delegates her rights under a contract.The clause delegating her rights are termed: "All my rights under the contract are hereby effectively delegated to...." This language shows that the contract created a(n) :

• A)delegation only.
• B)assignment only.
• C)assignment and delegation.
• D)a third-party beneficiary.

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Definitions:

Functions

Refers to the roles, activities, or duties that are intended or expected to be performed by a person, system, or object.

Cash

Money in the form of bills or coins; physical currency that is used as a medium of exchange.

Assignment

A process by which one party transfers rights, duties, or property to another.

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time or on demand of the payee.