Which term describes transferring all rights of ownership to another person or entity?

Which term describes transferring all rights of ownership to another person or entity?

• A. Entire contract
• B. Assignment
• C. Absolute assignment
• D. Trust

Answer: (C)

Transferring all rights of ownership to another person or entity is described as an absolute assignment. This form of transfer conveys the entire bundle of rights—ownership, control, and benefits—without any conditions or rights retained by the original owner. It’s more sweeping than a general assignment, which can be partial or subject to conditions. A trust, by contrast, places property under a trustee to manage for beneficiaries rather than transferring outright ownership, and the term “entire contract” refers to the complete written agreement, not the act of transferring ownership rights.

Transferring all rights of ownership to another person or entity is described as an absolute assignment. This form of transfer conveys the entire bundle of rights—ownership, control, and benefits—without any conditions or rights retained by the original owner. It’s more sweeping than a general assignment, which can be partial or subject to conditions. A trust, by contrast, places property under a trustee to manage for beneficiaries rather than transferring outright ownership, and the term “entire contract” refers to the complete written agreement, not the act of transferring ownership rights.