Question 1

A donee beneficiary:

Accepted Answer

A)  is not entitled to enforce a contract against either party. 
B)  usually does not give consideration in return for the gift. 
C)  will generally become a creditor beneficiary after his or her rights vest. 
D)  is an incidental beneficiary. 
A)  is not entitled to enforce a contract against either party. 
B)  usually does not give consideration in return for the gift. 
C)  will generally become a creditor beneficiary after his or her rights vest. 
D)  is an incidental beneficiary.

Question 2

Discuss the potential liability differences between a delegation and a novation.

Accepted Answer

When an obligor delegates duties under a

Question 3

As set forth in the Restatement Second of Contracts,which of the following duties are imposed on the parties in the performance and enforcement of a contract?

Accepted Answer

A)  perfect performance; honesty 
B)  strict performance; team work 
C)  good faith; fair dealing 
D)  negotiation; arbitration 
A)  perfect performance; honesty 
B)  strict performance; team work 
C)  good faith; fair dealing 
D)  negotiation; arbitration

Question 4

If Velma,as a birthday present,assigns to Jim her contractual right to collect $50 from Wood Co.,this would be a gratuitous assignment.

Accepted Answer

A) True 
 B)False

Question 5

Garth's Imports sold a car to Wally on credit for $30,000.Garth assigned to Cassandra all of his rights to receive money from Wally.Cassandra did not inform Wally of the assignment.Therefore,Wally continued to make the next three payments directly to Garth.Shortly thereafter,Garth left the country with the money.If Cassandra sues Wally for the missing three payments:

Accepted Answer

A)  Cassandra will not be able to collect the money from Wally. 
B)  Wally is not liable for the three payments because an assignment is not valid unless the obligor is notified. 
C)  Wally is liable for the three payments because Cassandra paid consideration for the assignment rights. 
D)  Wally cannot raise the defense of previous payment. 
A)  Cassandra will not be able to collect the money from Wally. 
B)  Wally is not liable for the three payments because an assignment is not valid unless the obligor is notified. 
C)  Wally is liable for the three payments because Cassandra paid consideration for the assignment rights. 
D)  Wally cannot raise the defense of previous payment.

Question 6

Generally,the assignment of the obligation to perform personal services is invalid.

Accepted Answer

A) True 
 B)False

A donee beneficiary:

Discuss the potential liability differences between a delegation and a novation.

As set forth in the Restatement Second of Contracts,which of the following duties are imposed on the parties in the performance and enforcement of a contract?

If Velma,as a birthday present,assigns to Jim her contractual right to collect $50 from Wood Co.,this would be a gratuitous assignment.

Generally,the assignment of the obligation to perform personal services is invalid.

Introduction to Law

Business Ethics and Social Responsibility

Courts,Litigation and Alterntive Dispute Resolution

Constitutional, Statutory, Administrative, and Common Law

Intentional Torts and Business Torts

Negligence and Strict Liability

Crime

International Law

Introduction to Contracts

Contract Impediments

Practical Contracts

Introduction to Sales

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Secured Transactions

Bankruptcy

Agency Law

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Employment Discrimination

Labor Law

Starting a Business: Llcs and Other Option

Life and Death of a Corporation

Government Regulation: Securities and Antitrust

Accountants' Liability

Consumer Law

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Real Property and Tenant: Landlord Law

Personal Property and Bailment

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Exam 11: Conclusion to Contracts

A donee beneficiary:

Discuss the potential liability differences between a delegation and a novation.

As set forth in the Restatement Second of Contracts,which of the following duties are imposed on the parties in the performance and enforcement of a contract?

If Velma,as a birthday present,assigns to Jim her contractual right to collect $50 from Wood Co.,this would be a gratuitous assignment.

Generally,the assignment of the obligation to perform personal services is invalid.

Introduction to Law

Business Ethics and Social Responsibility

Courts,Litigation and Alterntive Dispute Resolution

Constitutional, Statutory, Administrative, and Common Law

Intentional Torts and Business Torts

Negligence and Strict Liability

Crime

International Law

Introduction to Contracts

Contract Impediments

Practical Contracts

Introduction to Sales

Negotiable Instruments

Secured Transactions

Bankruptcy

Agency Law

Employment Law

Employment Discrimination

Labor Law

Starting a Business: Llcs and Other Option

Life and Death of a Corporation

Government Regulation: Securities and Antitrust

Accountants' Liability

Consumer Law

Environmental Law

Cyberlaw

Intellectual Property

Real Property and Tenant: Landlord Law

Personal Property and Bailment

Estate Planning

Insurance

Filters