What Is the Term for the Party to a Contract

question 62

Multiple Choice

What is the term for the party to a contract who transfers his or her rights to a contract to a third party?

• A) Transferor
• B) Transferee
• C) Relator
• D) Assignor
• E) Assignee

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Definitions:

Computations

The process of calculating or determining something by mathematical or logical methods.

Compensation Strategy

A plan adopted by an organization to determine how to compensate its employees, including wages, salaries, benefits, and rewards.

Monetary Benefits

Financial compensation and rewards given to employees, including salaries, bonuses, and other forms of pay for services rendered.

Performance Exceeds

A situation where an individual's or group's work output surpasses the expected standards or objectives.