Which party receives the rights in a contract assignment?

• A. Assignor
• B. Assignee
• C. Executed contract
• D. Informal (parol) contract

Answer: (B)

In an assignment of contract rights, the party who receives the rights is the assignee. The assignee gains the power to demand performance or payment from the other party to the contract and to enforce those rights. The person who transfers the rights is the assignor, and they typically give up those rights unless a separate arrangement or release is made. Importantly, an assignment usually transfers only rights, not duties; the original duties remain with the contract unless a novation or release changes that.

The other options don’t fit because an executed contract is simply a contract that has been fully performed (not a recipient of rights), and an informal (parol) contract refers to the contract’s form (oral vs. written), not who holds the rights after an assignment.