The party who assigns a contract is the

• A. Assignee
• B. Assignor
• C. Beneficiary
• D. Guarantor

Answer: (B)

In contract terms, the person who transfers rights under a contract is the assignor. The assignor is the party that “assigns” those rights to another, so the receiving party becomes the assignee. The other roles don’t fit this action: a beneficiary is someone who benefits from the contract’s performance, not the one who transfers rights, and a guarantor is someone who promises to satisfy the obligation if the other party fails, not the one making the transfer of rights. For example, if a company assigns its right to receive payments under a contract to a bank, the company is the assignor and the bank is the assignee.