Transfer of the rights and obligations of a contract onto a third party, is called:

Transfer of the rights and obligations of a contract onto a third party, is called:
A . Assignment
B . Association
C . Acceptance
D . Assignation

View Answer

Answer: A

Explanation:

Essentially the contract is now between two different parties because one party has assigned the contract to someone else.

It’s always a good idea to check whether this is permitted under a contract, otherwise you might finish up doing business with someone you didn’t plan to do business with.