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Revenue & Sales Corporation and Software, Inc., enter into a contract for the design of custom software for which Revenue & Sales agrees to pay $64,500. Software transfers the right to payment under the contract to CreditLine LLC. This transfer is​:_____________

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jepessoa

Answer:

This transfer is AN ASSIGNMENT.

The assignor transfers rights or benefits to another party, but duties and obligations are not transferable.

Revenue & Sales corporation is the assignor and Creditline LLC is the assignee. Revenue & Sales transferred the benefits of this contract, the $64,500, to CreditLine. But the assignor still has to design the software.

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