CONTINUATION OF SU9

Question 1

CESSION:

Answer 1

the right that the creditor has against the debtor is transferred to a third party who becomes the creditor in his place.

Question 2

DELEGATION:

Answer 2

entails the substitution of debtors and requires the consent of all the parties concerned.

Question 3

NOVATION/ ASSIGNMENT:

Answer 3

withdrawal of a party and substitution by a third party.

Question 4

PERFORMANCE BY A THIRD PARTY:

Answer 4

a third party may sometimes intervene in a contractual relationship between others by making a performance that is owed by one of the parties to the contract.

Question 5

PERFORMANCE MADE TO A THIRD PARTY:

Answer 5

if the parties to a contract agree, the debtor may discharge his obligation by making his performance to a third party, the so-called adiectus solutionis causa