Try Magic Notes and save time.
Try it free
Try Magic Notes and save time
Crush your year with the magic of personalized studying.
Try it free
hello quizlet
Home
Subjects
Expert Solutions
Log in
Sign up
Social Science
Law
Civil Law
Acc 241 Business Law - Third Party Rights and Discharge Vocabulary
Flashcards
Learn
Test
Match
Q-Chat
Get a hint
Privity of Contract
Click the card to flip 👆
The state of two specified parties being in a contract.
Click the card to flip 👆
1 / 41
1 / 41
Flashcards
Learn
Test
Match
Q-Chat
Created by
N8rogers
Share
Accounting 241, BYU, Business Law, Third-party rights and discharge
Share
Terms in this set (41)
Privity of Contract
The state of two specified parties being in a contract.
Assignment i.e Assignment of Rights
The transfer of contractual rights by an obligee to another party.
Assignor
An obligee who transfers a right.
Assignee
A party to whom a right has been transferred.
Anti Assignment Clause
A clause that prohibits the assignment of rights under the contract.
