Asked by
Aviara Kisselburgh
on Nov 01, 2024Verified
Whether the assignee gives notice of an assignment to the obligor,the obligor is generally not excused from performing under the contract.
Assignee
A person to whom an assignment is made.
Obligor
In contract law, the party who is obligated to deliver on a promise or to undertake some act.
Assignment
A legal transfer of rights, benefits, or obligations from one party to another.
- Understand the responsibilities and legal rights of incidental parties in contracts, including those of assignees, beneficiaries, and obligors.
Verified Answer
BF
Learning Objectives
- Understand the responsibilities and legal rights of incidental parties in contracts, including those of assignees, beneficiaries, and obligors.
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