Author Question: The shareholders elect the key corporate officers. Indicate whether the statement is true or ... (Read 55 times)

cmoore54 · **on:** Jun 24, 2018

The shareholders elect the key corporate officers.
Indicate whether the statement is true or false

Question 2

a. What is an assignment?
b. What is a delegation?
c. What does it mean to assign a contract?

Christopher · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

FALSE

Answer to Question 2

a. An assignment is the voluntary transfer of a contractual right.
b. A delegation is the transfer of a contractual duty or obligation.
c. The term assign a contract is frequently used to include both the transfer of contractual rights and the transfer of contractual duties.