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Author Question: Which of the following statements best describes the term assignment? A) It is the conveyance of ... (Read 73 times)

joesmith1212

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on: Jun 24, 2018
Which of the following statements best describes the term assignment?
 A) It is the conveyance of rights in a contract to a person who is not a party.
 B) It is the termination and replacement of an old contract.
 C) It is the transfer of duties alone without a transfer of rights.
 D) It consists of an assignee who is the party making the assignment.

Question 2

Jones has a life insurance policy on his own life that provides that in the event of his death, his mother will receive the proceeds. Jones' mother is a(n):
 A) incidental beneficiary.
 B) donee beneficiary.
 C) creditor beneficiary.
 D) assignee.


SVictor

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


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joesmith1212

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Reply #2 on: Jun 24, 2018
Thank you :)


SVictor

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Reply #3 on: Jun 24, 2018
Happy to help you


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