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Contract Assignment: Definition and Involved Parties

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

When one party to a contract extends only the benefits of the contract to another party it is called:

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1. Which type of assignment generally cannot be transferred from one company to another?

2. Silver Cliff Landscaping provides contract rights to Jim's Lawn Mowing to complete scheduled mowing sessions for their clients. In this situation, Silver Cliff Landscaping is acting in what capacity?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will test you on the differences between contract assignment and assignment of rights. Check your knowledge by trying to answer questions about vocabulary words related to the types of legal assignments and some of the roles involved in assignments.

Quiz & Worksheet Goals

See if you can correctly match the following terms to their definitions or descriptions:

  • Assignee
  • Contract assignment
  • Non-complete agreement
  • Assignment of rights
  • Assignor

Skills Practiced

  • Interpreting information - verify that you can read information regarding contracts and interpret it correctly
  • Defining key concepts - ensure that you can accurately define main terms, such as rights, assignor and obligations
  • Information recall - access the knowledge you've gained regarding contract assignment

Additional Learning

Your understanding of the legalities of contracts can be enhanced by reviewing the lesson titled Contract Assignment: Definition and Involved Parties. This lesson covers:

  • Parties to an assignment
  • Obligor and obligee
  • Restrictions on assignment
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