Question

On August 1, Neptune Fisheries contracted in writing with West Markets to deliver to West 3,000 pounds of lobsters at $4 a pound. Delivery of the lobsters was due October 1 with payment due November 1. On August 4, Neptune entered into a contract with Deep Sea Lobster Farms which provided as follows: "Neptune Fisheries assigns all the rights under the contract with West Markets dated August 1 to Deep Sea Lobster Farms." The best interpretation of the August 4 contract would be that it was:

A. only an assignment of rights by Neptune.

B. only a delegation of duties by Neptune.

C. an assignment of rights and a delegation of duties by Neptune.

D. an unenforceable third-party beneficiary contract.

Answer

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