Ch09-TB-BLTE-8e

Ch09-TB-BLTE-8e - Chapter9 Contracts:ThirdPartyRights,

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Chapter 9 Contracts: Third Party Rights,  Discharge, Breach, and Remedies TRUE/FALSE QUESTIONS 1. An assignee can compel the obligor to perform. ANSWER: T PAGE: 271 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 2. An assignment of rights in real estate can always be prohibited. ANSWER: F PAGE: 273 TYPE: N MISC: AACSB Reflective Skill Level: AICPA Legal 3. Generally, any duty can be delegated. ANSWER: T PAGE: 273 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 4. Generally, a clause in a contract permitting “the assignment of all rights”  does  not  include a delegation of all duties. ANSWER: F PAGE: 275 TYPE: N 127
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128 TEST BANK TO ACCOMPANY BUSINESS LAW TODAY: THE ESSENTIALS MISC: AACSB Reflective Skill Level: AICPA Legal 5. A third party beneficiary contract is formed  only  when the parties to a con- tract intend to confer a benefit on a third party. ANSWER: F PAGE: 275 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 6. A “donee” beneficiary is always an “incidental” beneficiary. ANSWER: F PAGE: 275 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal
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CHAPTER 9: THIRD PARTY RIGHTS, DISCHARGE, BREACH, AND REMEDIES 129 7. A third party beneficiary contract is formed when a contract confers a bene- fit on any third party. ANSWER: T PAGE: 275 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 8. No third party has rights under a contract to which he or she is not a party. ANSWER: F PAGE: 275 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 9. An incidental beneficiary can sue directly to enforce a  promisor’s  promise. ANSWER: F PAGE: 276 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 10. A   party   normally   satisfies   its   duties   under   a   contract   by   actual  performance. ANSWER: T PAGE: 277 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 11. An intentional variation from a contract prevents substantial performance. ANSWER: F PAGE: 280 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 12. Any contract breach excuses the nonbreaching party’s duty to perform. ANSWER: F PAGE: 281 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 13. A breach of contract occurs only when a party fails to perform  all  of his or  her duties under a contract.
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TEST BANK TO ACCOMPANY BUSINESS LAW TODAY: THE ESSENTIALS ANSWER: F PAGE: 281 TYPE: N MISC: AACSB Analytic Skill Level: AICPA Legal 14. A   party’s   refusal   to   perform   an   executory   contract   is   anticipatory  repudiation. ANSWER:
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This note was uploaded on 11/03/2009 for the course ARE 18 taught by Professor Maxey during the Spring '08 term at UC Davis.

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Ch09-TB-BLTE-8e - Chapter9 Contracts:ThirdPartyRights,

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