Question 1

UCC Article 9 requires certain assignments to be in writing.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following involves a creditor beneficiary relationship?

Accepted Answer

A) A contract where the insured names a bank with which he has a loan as the beneficiary of a life insurance policy. 
B) A contract between an employer and a union representing the employees which is made for the benefit of the employees. 
C) A contract between the owner of a building and the contractor stating that the contractor will pay the contractor's employees at a stated rate. 
D) A contract between a governmental unit and business for services to be rendered to area citizens. 
A) A contract where the insured names a bank with which he has a loan as the beneficiary of a life insurance policy. 
B) A contract between an employer and a union representing the employees which is made for the benefit of the employees. 
C) A contract between the owner of a building and the contractor stating that the contractor will pay the contractor's employees at a stated rate. 
D) A contract between a governmental unit and business for services to be rendered to area citizens.

Question 3

Sean has a right against Tanner and assigns it for value to Megan.Later,Sean gives Tanner a release.Megan:

Accepted Answer

A) will be unaffected by Sean's action. 
B) may recover damages from Sean for breach of an implied warranty. 
C) may recover damages from Tanner for breach of an implied warranty. 
D) has lost her right and has no remedy. 
A) will be unaffected by Sean's action. 
B) may recover damages from Sean for breach of an implied warranty. 
C) may recover damages from Tanner for breach of an implied warranty. 
D) has lost her right and has no remedy.

Exam 16: Third Parties to Contracts

UCC Article 9 requires certain assignments to be in writing.

Which of the following involves a creditor beneficiary relationship?

Sean has a right against Tanner and assigns it for value to Megan.Later,Sean gives Tanner a release.Megan:

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

International Business Law

Introduction to Property, property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

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