Regarding the Assignment of Contract Rights

question 20

Multiple Choice

Regarding the assignment of contract rights:

• A)The party owed a particular right under a contract is called the obligee.
• B)The party who owes the duty of performance is called the obligor.
• C)The party who transfers his right to another is called the assignor.
• D)A,B,and C.
• E)A and B only.

---

Definitions:

Popinjay Products

Refers to products offered by the brand Popinjay, often implying a focus on vibrant and distinctive offerings. If no such brand exists, this could be considered a fabricated term.

Annual Holding Cost

The total expenses associated with storing unsold goods or materials for a year, including warehousing, insurance, depreciation, and obsolescence costs.

UPS

United Parcel Service, a global parcel delivery and supply chain management company.

Cross Dock Distribution Center

A logistics strategy where incoming shipments are unloaded, sorted, and directly loaded onto outbound trucks, minimizing storage time.