Asked by
Merlyn Arlinda
on Nov 21, 2024
Verified
Hilda transfers her rights to a contract to George who is a third party. Hilda is known as the ________ and George is the ________.
A) transferor, transferee
B) transferee, transferor
C) creditor, debtor
D) assignor, assignee
E) assignee, assignor
Assignor
The party in a contract or agreement who transfers their rights or interests to another party, known as the assignee.
Assignee
An individual or entity to whom rights or interests are transferred by another.
- Distinguish between the transfer and allocation of rights and obligations in a contract.
Verified Answer
VT
Learning Objectives
- Distinguish between the transfer and allocation of rights and obligations in a contract.