SCMA 323 Chapter 15: Chapter 15

• School: VCU
• Department: Supply Chain Management and Analytics
• Course: SCMA 323
• Professor: Haynes

Document Summary

Privity of contract: the state of two specified parties being in a contract. Assignment the transfer of contractual rights by oblige to another party. Assignment of a right: rights that cannot be assigned. Contract where an assignment would materially alter the risk. Assignment of a legal action: effect of assignment of rights. The assignee is entitled to performance form the obligor. The unconditional assignment of a (cid:272)o(cid:374)tra(cid:272)t right e(cid:454)ti(cid:374)guishes all the assig(cid:374)or"s rights: to protect his or her rights, the assignee should immediately notify the obligor that. Performance must be rendered to the assignee: anti-assignment clause: prohibits assignment of rights under the contract. Used (cid:449)he(cid:374) a(cid:374) o(cid:271)ligor does(cid:374)"t (cid:449)a(cid:374)t to deal (cid:449)ith or re(cid:374)der perfor(cid:373)a(cid:374)(cid:272)e to a(cid:374) unknown third aprty: approval clause. Per(cid:373)its the assig(cid:374)(cid:373)e(cid:374)t of the (cid:272)o(cid:374)tra(cid:272)t o(cid:374)l(cid:455) upo(cid:374) re(cid:272)eipt of a(cid:374) o(cid:271)ligor"s approval. Delegation of duty: duties that cannot be delegated. Personal service contracts calling for the exercise of personal skills, discretion, or expertise.