bl 12-14 - chapter 12 1 Third parties do not have rights...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Sheet1 Page 1 chapter 12 1 Third parties do not have rights under contracts to which they are not parties A) True B) False Feedback: Intended beneficiaries have legal rights in contracts under which they benefi Points Earned:1.0/1.0 Correct Answer(s):False 2 The party who makes an assignment is the assignee. A) True B) False Feedback: In an assignment, the party assigning the rights is the assignor . The obligor Points Earned:1.0/1.0 Correct Answer(s):False 3 Rights under a personal service contract normally can be assigned. A) True B) False Feedback: A right under a personal service contract cannot normally be assigned. Also, Points Earned:1.0/1.0 Correct Answer(s):False 4 With notice of an assignment, an assignee can compel an obligor to perform A) True B) False Points Earned:1.0/1.0 Correct Answer(s):True 5 If a delegatee fails to perform, the delegator must do so. A) True B) False Points Earned:1.0/1.0 Correct Answer(s):True 6 A promise to perform subject to obtaining financing is a condition precedent.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Sheet1 Page 2 A) True B) False Points Earned:1.0/1.0 Correct Answer(s):True 7 Complete performance occurs when a contract° s conditions fully occur. A) True B) False Points Earned:1.0/1.0 Correct Answer(s):True 8 A material breach of contract does not excuse the nonbreaching party from f A) True B) False Feedback: A material breach of contract (which occurs when performance is not at leas Points Earned:1.0/1.0 Correct Answer(s):False 9 An executory contract cannot be rescinded. A) True B) False Feedback: An executory contract can be rescinded. If it is executory on both sides, it ca Points Earned:1.0/1.0 Correct Answer(s):False 10 Objective impossibility discharges a contract. A) True B) False Points Earned:1.0/1.0 Correct Answer(s):True 1 Greg enters into a contract with Holly that indirectly benefits Ira, although ne A) a delegatee. B) an assignee. C) an incidental beneficiary. Feedback: D) an intended beneficiary. Points Earned:1.0/1.0 Correct Answer(s):C
Image of page 2
Sheet1 Page 3 2 Jim and Kay enter into a contract that intentionally benefits Lora. Loral s righ A) only if she manifests assent to it. B) only if she materially alters her position in detrimental reliance on it. C) if she manifests assent to it or if she materially alters her position in detrim Feedback: D) none of these. Points Earned:1.0/1.0 Correct Answer(s):C 3 Dan and Eve sign a contract under which Dan agrees to repair Eve± s com A) a delegatee. B) an assignee. Feedback: C) an incidental beneficiary. D) an intended beneficiary. Points Earned:1.0/1.0 Correct Answer(s):B 4 Jill insures her warehouse under a policy with Kappa Insurance Company. J A) it did not consent to the assignment. B) it was not paid for the assignment. C) the assignment will materially alter its risk. Feedback: D) this is a personal service contract. Points Earned:1.0/1.0 Correct Answer(s):C 5 Nora signs a contract to provide lawn mowing services to Owen. Nora deleg A) Nora only.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern