Ch16-TB1-WBL-10e

Ch16-TB1-WBL-10e - Chapter16 ThirdPartyRights

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Chapter 16 Third Party Rights N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. A party to a contract may transfer the rights arising from the contract to  another. ANSWER: T PAGE: 309 TYPE: = 2. Banks may assign their loan contracts to other firms. ANSWER: T PAGE: 309 TYPE: = 3. An assignee of a right to receive money acquires any rights to the money  held by the assignor. ANSWER: T PAGE: 310 TYPE: = 153
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154 TEST BANK 1: UNIT THREE: CONTRACTS AND E-CONTRACTS 4. The rights under a contract for personal service normally can be assigned. ANSWER: F PAGE: 312 TYPE: = 5. A contract that contains a clause prohibiting its assignment will prevent it  from being assigned. ANSWER: T PAGE: 313 TYPE: =
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CHAPTER 16: THIRD PARTY RIGHTS 155 6. A right to receive income can be assigned. ANSWER: T PAGE: 313 TYPE: = 7. An assignment of rights in real estate can always be prohibited. ANSWER: F PAGE: 313 TYPE: = 8. An assignment is effective only after notice has been given to the obligor. ANSWER: F PAGE: 313 TYPE: = 9. Generally, a party may  not  delegate his or her duties under a contract. ANSWER: F PAGE: 314 TYPE: N 10. A  third party beneficiary contract is formed   only   when the parties to a  contract intend to confer a benefit on a third party. ANSWER: F PAGE: 316 TYPE: N 11. Generally, a clause in a contract permitting “the assignment of all rights”  does  not  include a delegation of all duties. ANSWER: F PAGE: 316 TYPE: N 12. An intended beneficiary can sue directly to enforce a promisor’s promise. ANSWER: T PAGE: 316 TYPE: = 13. A  third party beneficiary contract is formed when a contract confers a  benefit on any third party. ANSWER: T PAGE: 316 TYPE: N
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156 TEST BANK 1: UNIT THREE: CONTRACTS AND E-CONTRACTS 14. A creditor beneficiary can sue directly to enforce a promisor’s promise. ANSWER: T PAGE: 317 TYPE: = 15. A donee beneficiary can never sue to enforce the promise of a promisor. ANSWER: F PAGE: 317 TYPE: = 16. The vesting of contractual rights in a third party will always prevent the  original parties to the contract from modifying it. ANSWER: F PAGE: 317 TYPE: +
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CHAPTER 16: THIRD PARTY RIGHTS 157 17. If a contract does   not  require that performance be rendered directly to a  third party, the third party may be considered an  incidental  beneficiary.
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Ch16-TB1-WBL-10e - Chapter16 ThirdPartyRights

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