p 174 Assignments require the consent and agreement of all parties to the

P 174 assignments require the consent and agreement

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26.(p. 174)Assignments require the consent and agreement of all parties to the contract. AACSB: Reflective ThinkingBlooms: ApplyDifficulty: HardLearning Objective: 07-07 Explain the rights of third parties who have rights in a contract through assignment or delegation and third-party beneficiaries.Melvin - Chapter 07 #26Topic: Assignment 27.(p. 169)Beth has a contract with Annie in which Annie is to deliver 1000 hand decorated beverage holders in 60 days. When Beth calls the Psychic Hotline for her weekly reading, the psychic informs her that she has entered into a contract and the other party will not perform all the conditions and specifications as per the agreement. Beth may sue for an anticipatory repudiation. AACSB: AnalyticBlooms: UnderstandDifficulty: MediumLearning Objective: 07-05 Recognize events that result in breach of contract and explain anticipatory repudiation.Melvin - Chapter 07 #27Topic: Anticipatory Repudiation 28.(p. 174-175)In an assignment or delegation, any third party rights or duties occur after the contract is formed. AACSB: AnalyticBlooms: UnderstandDifficulty: MediumLearning Objective: 07-07 Explain the rights of third parties who have rights in a contract through assignment or delegation and third-party beneficiaries. Melvin - Chapter 07 #28 Topic: Contracts Involving Rights of a Third Party
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29.(p. 175)Kathy and Tom have entered into a contract in which Mike has been named and included as an intended beneficiary by Kathy. Should Tom or Kathy breach the contract, Mike may sue both Tom and Kathy for breach of contract. AACSB: AnalyticBlooms: UnderstandDifficulty: MediumLearning Objective: 07-07 Explain the rights of third parties who have rights in a contract through assignment or delegation and third-party beneficiaries.Melvin - Chapter 07 #29Topic: Third Party Beneficiaries
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