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11-12-2017
Business

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forrest makes and sells furniture. forrest and glenda enter into a contract for the delivery of forrest's products to glenda's gear retail locations for which she agrees to pay the invoiced price. forrest transfers the right to payment under the contract to haulers trucks & trailers. this transfer is

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25-12-2017

In this case, that transfer would be called an assignment. In a contractual agreement an assignment is when one person hands off the right, in this case the right of payment, to another party known as the assignee, in this case haulers trucks & trailers.

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