NBE Funeral Service Director

Category - Arts - Regulatory Compliance

How might the rights to property be transferred from one party to another?
  1. Consignment
  2. Transfer
  3. Assignment
  4. Conferred
Explanation
Answer: C - Assignment is the process of conferring rights to property from one party to another.

Assignment is the transfer of rights in property from one party to another. An assignment may be for full interest (absolute) or partial interest (collateral) in the property being assigned. Transfer is the action taken through the assignment of property rights while consignment describes the process of delivering goods or services. Conferred means to grant or bestow a right or honor on another person.
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