Explain the distinction between an assignment of contractual
rights and a negotiable instrument. The acceptance of
cheques for...
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General Management
Explain the distinction between an assignment of contractualrights and a negotiable instrument. The acceptance ofcheques for payment creates risk for the businesses that acceptsthem. The use of cheques for payment also creates risks forbusinesses paying for services or supplies. What are theserisks?
Briefly discuss the role of a bill of lading and the types ofshipping title transfers.
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ASSIGNMENT OF CONTRACTUAL RIGHTS Assignment of contractual rights means trasferring of all benefits and liabilities of a contract to a stranger For example If a person A is selling his business to a person B so as soon as person B signs the contract of accepting the business of person A at the same immediate time all the profitloss benefits and liabilities of person A will be transfered to person B An assignment of contactual rights and benefits may be proceeded in the following ways Assignment by Act of Party and Assignment by Operation of Law Assignment by Act of Party An
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