Which of the Following Statements Is True for Assignment of Contracts

question 3

Multiple Choice

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

• A)It represents the transfer of duties to assignees.
• B)Rights cannot be sold in an assignment.
• C)The assignee is not entitled to the entire performance the assignor had a right to under the original contract.
• D)The promisor must render all performance to the assignee.

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Definitions:

Limited Time

A restricted period designated for a specific purpose or event.

Common Stockholders

Individuals or entities that own common shares in a corporation, entitling them to vote and share in the profits.

Preferred Stockholders

Individuals or entities that own preferred shares in a company, granting them certain advantages over common stockholders, such as priority in dividend payments and assets during liquidation.

Market Price

The current price at which an asset or service is bought or sold in the open market.