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11 Cards in this Set
- Front
- Back
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Privacy of Contract
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the fact that a contract is a private agreement between the parties who have entered into it.
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Assignment
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the transfer of contractual rights to a third party
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Delegation
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the transfer of contractual duties to a third party
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assignor
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the party assigning the rights to the third party
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assignee
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the party receiving the rights.
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obligee
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the person to whom a duty, or obligation, is owed.
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obligor
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the person who is obligated to perform the duty
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alienation
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transfer of land ownership
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delegator
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the party making the delegation
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delegatee
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the party to whom the duty has been delegated
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Incidental beneficiary
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third party who benefits from the contract, but has no legal rights.
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