Bus 415 Writing Assignment

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Business Finance

Description

In a well organized 2-3 page essay, explain the similarities and differences between “assignment” and “delegation,” including the elements necessary for each, what is allowed to be assigned or delegated, and when prohibitions on such are allowed. Also, briefly discuss “third party beneficiaries,”and be sure to specifically mention vesting and intended vs. incidental beneficiaries.

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Explanation & Answer

Attached.

Running head: CONTRACTS

1

Contracts
Name
Institution

CONTRACTS

2

There are different concepts that are involved in the discipline of contract law. With that
in mind, two of the most common concepts in this discipline are delegation and assignment. In
this case, these two concepts are almost similar and there is a thin line that differentiates them.
With that being said, this paper shall explore how the two concepts are used in contract law, their
similarities, and what sets them apart.
Firstly, it is the concept of assignment. When a contract is signed, there are rights that are
held by a party. The party that holds the rights is referred to as the assignor. In the case that that
party decides to transfer those rights to another party then the process is referred to as
assignment. The party to whic...


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