Business Studies, asked by kamasanikrishnaveni, 6 months ago

liability can be transferred by an assignment of a contract state true or false with reason​

Answers

Answered by PrincessTeja
3

Answer:

Assignment' means transfer of contractual rights or liability by a party to the contract to some other person who is not a party. It would not be wrong to say that as a matter of established principle, obligations are not assignable and once assigned it amounts to novation.

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