True or False

1. A transfer of contractual rights to a third party is an assignment.

2. When rights under a contract are assigned unconditionally, the rights of the assignor are extinguished.

3. In an assignment, the assignee obtains only those rights that the assignor had.

4. Contract duties are not assigned—they are delegated.

5. When the parties to a contract agree that its performance should directly benefit a third person, the third person becomes an intended third party beneficiary.