Which of the Following Occurs When a Party to a Contract

question 3

Multiple Choice

Which of the following occurs when a party to a contract transfers his or her rights to a contract to a third party?

• A) Assignment
• B) Referral
• C) Disgorgement
• D) Privity
• E) Transfer

---

Definitions:

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument must be paid in full.

Par Value

The face value of a bond or stock, as stated by the issuing company.

Coupon

The interest payment made to the bondholders during the life of the bond.

Maple Bond

A Maple Bond is a debt security, denominated in Canadian dollars, issued by foreign companies or governments that are sold in Canada.