Chapter_16

Chapter_16 - Chapter16 Background another delegated performanceowed Requirementsofan Assignment assignmentcan

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    Chapter 16 Third Party to Contracts
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    Background Delegator —party delegating duty to  another.  Delegatee —one to whom duty  delegated.  Obligee —one to whom duty of  performance owed. Obligor— One who owes duty.  
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    Requirements of an  Assignment  Each contract has rights and duties. assignment can be oral.  Consideration isn’t required to be valid  assignment 
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    Rights that can’t be Assigned  If risk or burden is increased, no  assignment. When rights are of personal nature and  involve a personal relationship—they  cannot be assigned.
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    Revocability of assignments  Value given for assignment, assignor  cannot revoke assignment without  consent of assignee  If gratuitous assignment may revoke at  any time. 
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    Partial Assignments  Transfer of a portion or rights to more  than one assignee.
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This note was uploaded on 03/08/2010 for the course BL 3305 taught by Professor Nunley during the Fall '09 term at Baylor.

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Chapter_16 - Chapter16 Background another delegated performanceowed Requirementsofan Assignment assignmentcan

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