In law, an assignment is the transfer of rights or liabilities from one person to another. It is a common practice in many different areas of law, such as contract law, property law, and tort law.
There are two main types of assignments: absolute assignments and conditional assignments.
- Absolute assignments are assignments that are made without any conditions. The assignee (the person who receives the rights or liabilities) becomes the absolute owner of the rights or liabilities.
- Conditional assignments are assignments that are made subject to certain conditions. The assignee only becomes the owner of the rights or liabilities if the conditions are met.
Assignments can be made in writing or orally. However, it is always best to make assignments in writing to avoid any disputes.
MCQs on Assignment
- What is an assignment?
- The transfer of rights or liabilities from one person to another.
- The creation of new rights or liabilities.
- The termination of rights or liabilities.
- All of the above.
The answer is (a). An assignment is the transfer of rights or liabilities from one person to another.
- What are the two main types of assignments?
- Absolute assignments and conditional assignments.
- Partial assignments and full assignments.
- Specific assignments and general assignments.
- All of the above.
The answer is (a). The two main types of assignments are absolute assignments and conditional assignments.
- What is an absolute assignment?
- An assignment that is made without any conditions.
- An assignment that is made subject to certain conditions.
- An assignment that is made in writing.
- An assignment that is made orally.
The answer is (a). An absolute assignment is an assignment that is made without any conditions.
- What is a conditional assignment?
- An assignment that is made subject to certain conditions.
- An assignment that is made in writing.
- An assignment that is made orally.
- All of the above.
The answer is (a). A conditional assignment is an assignment that is made subject to certain conditions.