Question: 46. SELECT THE ANSWER THAT IS MOST ACCURATE WITH RESPECT TO TERMINOLOGY USED IN ASSIGNMENT CASES: (A) (B) (C) (D) IN A BILATERAL CONTRACT EACH


46. SELECT THE ANSWER THAT IS MOST ACCURATE WITH RESPECT TO TERMINOLOGY USED IN ASSIGNMENT CASES: (A) (B) (C) (D) IN A BILATERAL CONTRACT EACH PARTY IS AN OBLIGOR (WHO IS ENTITLED TO RECEIVE PERFORMANCE OF ANOTHER) AND AN OBLIGEE (WHO HAS AN OBLIGATION TO PERFORM} AN OBLIGEE DELEGATES RIGHTS, AND AN OBLIGOR DELEGATES DUTIES THE TERM ASSIGNMENT MAY MEAN A TRANSFER OF A CONTRACTUAL RIGHT, OR IT MAY MEAN A TRANSFER OF BOTH RIGHTS AND DUTIES THE PERSON MAKING THE TRANSFER IS CALLED THE ASSIGNEE, AND THE ONE RECEIVING THE TRANSFER IS CALLED THE ASSIGNOR
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