ch17 - Ch.17 Quiz Instructions Please read the questions...

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Ch.17 Quiz Instructions Please read the questions carefully. This assessment is worth 100 points. 1. Under the UCC, an assignment of contract rights must be in writing. (5 points) True False 2. Contract clauses forbidding assignment generally are unenforceable, because they conflict with the valuable economic functions performed by the free assignability of contract rights. (5 points) True False 3. Under the "American Rule" governing successive assignments, the first assignee in time has the superior right. (5 points) True False 4. Once a party properly delegates a duty to the delegatee (assignee), that party is relieved of any obligation to perform the duty. (5 points) True False 5. An incidental beneficiary of a contract cannot recover under that contract. (5 points) True False 6. D owes a debt to C. S contracts with D to pay D's debt to C. C is a creditor beneficiary of the S-D contract. (5 points) True False 7. A donee beneficiary of a contract can recover under that contract. (5 points) True False 8. In order for an assignment to be valid, the assignee must give some consideration to the assignor. (5 points) True False
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9. Most states have passed statutes prohibiting or regulating a wage earner's assignment of future wages. (5 points) True False 10. Davis forces Martin to contract with him by putting a gun to Martin's
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This note was uploaded on 02/28/2012 for the course ACCT 460 taught by Professor Charley during the Spring '12 term at Aachen University of Applied Sciences.

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ch17 - Ch.17 Quiz Instructions Please read the questions...

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