Exam 18: Third Persons and Contracts

Under the UCC,an assignment of all the assignor's rights under a contract generally is held to be both an assignment of rights and a delegation of duties.

Generally,an assignment may be in any form.

When work is guaranteed by one who repairs a building,the owner,on selling the building,may assign the guarantee to the buyer.

The substitution of an old contract for a new one that replaces an obligation or a party for another is a:

It is necessary that a third-party beneficiary be identified by name.

An obligor may delegate his or her duties to perform under a contract when the:

The delegator of construction duties remains liable if:

The right to performance under a contract can be assigned:

A person entitled to receive money may generally assign that right to another person.

Generally,only the parties to a contract may sue on it.

When duties under a contract are delegated,the party making the delegation remains responsible for the performance of the contract just as though no delegation had been made.