Which of the Following Statements Is True About Assignment of Contracts

question 2

Multiple Choice

Which of the following statements is true about assignment of contracts?

• A) An assignment represents the transfer of duties to assignees.
• B) An assignment cannot be done orally.
• C) An assignee is not entitled to the performance that the assignor had a right to under the original contract.
• D) A promisor must render all performance to the assignee.

---

Definitions:

Horizontal Integration

A strategy where a company acquires or merges with other companies at the same level of the supply chain in the same or different industries, to increase market share or product offerings.

Purchasing Savings

Cost reductions achieved by negotiating lower prices or finding more efficient procurement methods.

Vertical Integration

A strategy where a company expands its operations into different stages of production, often including the supply chain, to control costs and improve efficiency.