Asked by

Faith Jones
on Nov 27, 2024

verifed

Verified

A contract between Max and Nye provides for an "assignment of all rights." Max "assigns the contract" to Olin. Because a court will normally construe this wording as implying both an assignment of rights and a delegation of duties, if Olin fails to perform

A) the contract is void.
B) the contract is discharged.
C) Nye is liable.
D) Max is liable.

Assignment of Rights

The transfer of rights, title, and interest from one party to another, often in a contract or agreement.

Delegation of Duties

Delegation of duties involves assigning responsibility and authority from one person to another for the completion of specific tasks or roles.

Assigns Contract

Refers to the transfer of rights or duties under a contract from one party to another.

  • Investigate the conditions that permit the assignment or delegation of a contract.
  • Evaluate the legal consequences of not performing under a contract and the remedies available.
verifed

Verified Answer

MT
Micah Therese BaliuagNov 28, 2024
Final Answer:
Get Full Answer