Question 1

Contract prohibitions against assignments are invalid as a matter of public policy.

Accepted Answer

A) True 
 B)False

Question 2

A nonparty to a contract may enforce the contract if the person is:

Accepted Answer

A)  a donee beneficiary. 
B)  an incidental beneficiary. 
C)  a creditor beneficiary. 
D)  Both a and c 
A)  a donee beneficiary. 
B)  an incidental beneficiary. 
C)  a creditor beneficiary. 
D)  Both a and c

Question 3

Linda assigns to Ben a right to receive rent payments.The law implies the following warranty on Linda's part:

Accepted Answer

A)  the tenant is solvent. 
B)  Linda actually has a right to the rental payments. 
C)  the tenant will actually pay. 
D)  No warranties are implied by law in an assignment. 
A)  the tenant is solvent. 
B)  Linda actually has a right to the rental payments. 
C)  the tenant will actually pay. 
D)  No warranties are implied by law in an assignment.

Question 4

A third party beneficiary's status occurs:

Accepted Answer

A)  after an assignment and delegation. 
B)  when the third party is informed of the contract. 
C)  when the third party beneficiary agrees to the contract terms. 
D)  when the contract is created. 
A)  after an assignment and delegation. 
B)  when the third party is informed of the contract. 
C)  when the third party beneficiary agrees to the contract terms. 
D)  when the contract is created.

Question 5

Which of the following duties can probably be delegated?

Accepted Answer

A)  An agreement to perform an operation. 
B)  A contract to paint a picture. 
C)  An agreement by an attorney to draft a contract. 
D)  An agreement to paint a house. 
A)  An agreement to perform an operation. 
B)  A contract to paint a picture. 
C)  An agreement by an attorney to draft a contract. 
D)  An agreement to paint a house.

Exam 16: Third Parties

Contract prohibitions against assignments are invalid as a matter of public policy.

A nonparty to a contract may enforce the contract if the person is:

Linda assigns to Ben a right to receive rent payments.The law implies the following warranty on Linda's part:

A third party beneficiary's status occurs:

Which of the following duties can probably be delegated?

Introduction To Law

Business Ethics And Social Responsibility

Dispute Resolution

Common Law,Statutory Law,And Administrative Law

Constitutional Law

Intentional Torts And Business Torts

Negligence And Strict Liability

Crime

International Law

Introduction To Contracts

Agreement

Consideration

Legality

Capacity And Consent

Written Contracts

Performance And Discharge

Remedies

Practical Contracts

Introduction To Sales

Ownership And Risk

Warranties And Product Liability

Performance And Remedies

Secured Transactions

Creating A Negotiable Instrument

Liability For Negotiable Instruments

Accountants' Liability

Agency Law

Employment Law

Labor Law

Starting A Business

Partnerships

Life And Death Of A Corporation

Corporate Management

Shareholders

Securities Regulation

Bankruptcy

Antitrust

Consumer Law

Environmental Law

Cyberlaw

Intellectual Property

Real Property And Tenant-landlord Law

Personal Property And Bailment

Planning For The Future: Wills,Trusts,And Insurance

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