Exam 12: Transfer of Contract Rights and Duties
Exam 1: Foundations of Law and the Role of Ethics in Business50 Questions
Exam 2: The Legal System in the United States and Its Constitutional Foundation50 Questions
Exam 3: Personal, Business, and Cyber Crimes and the American Criminal Justice System49 Questions
Exam 4: Tort Law: Traditional Torts and Cyber Torts50 Questions
Exam 5: Litigation and Alternatives for Settling Civil Disputes50 Questions
Exam 6: Contract Law: a Beginning49 Questions
Exam 7: Agreement: Offer and Acceptance50 Questions
Exam 8: Consideration50 Questions
Exam 9: Capacity50 Questions
Exam 10: Legality50 Questions
Exam 11: Memorialize Contracts in Writingstatute of Frauds50 Questions
Exam 12: Transfer of Contract Rights and Duties50 Questions
Exam 13: The Termination of Contracts: Discharge50 Questions
Exam 14: The Termination of Contracts: Breach of Contract50 Questions
Exam 15: Formation of Sales and Lease Contracts50 Questions
Exam 16: The Sales Contract: Transfer of Title and Risk of Loss49 Questions
Exam 17: The Sales Contract: Performance, Breach, and Remedies for Breach50 Questions
Exam 18: Product Liability Law50 Questions
Exam 19: Nature and Types of Negotiable Instruments50 Questions
Exam 20: Issue, Transfer, Indorsement, and Discharge of Negotiable Instruments50 Questions
Exam 21: Rights and Duties of Parties50 Questions
Exam 22: Checks and the Banking System in the Twenty-First Century50 Questions
Exam 23: Employer-Employee Relationship50 Questions
Exam 24: Principal-Agent Relationship50 Questions
Exam 25: Principal-Agent, Employer-Employee, and Third-Party Relationships50 Questions
Exam 26: Sole Proprietorships, Partnerships, and Limited Liability Organizations50 Questions
Exam 27: Corporations and Franchising50 Questions
Exam 28: Government Regulation of Business50 Questions
Exam 29: Basic Legal Concepts of Property50 Questions
Exam 30: Renting Real Property50 Questions
Exam 31: Buying and Selling Real Property50 Questions
Exam 32: Nature and Types of Bailments50 Questions
Exam 33: Wills, Intestacy, and Estate Planning50 Questions
Exam 34: Protecting the Consumer and the Taxpayer50 Questions
Exam 35: Protecting the Borrower48 Questions
Exam 36: Protecting the Creditor50 Questions
Exam 37: Property, Casualty and Automobile Insurance50 Questions
Exam 38: Personal Insurance50 Questions
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Jason, a golf pro, signed a one-year contract with the owner of a private country club as a golf instructor. Three months after Jason started work, the owner of the club sold out to Curry. The owner also assigned the remaining nine months of Jason's contract to Curry. Would Jason legally be required to work for Curry?
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(Multiple Choice)
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Correct Answer:
C
Collins contracted to make certain repairs on Brown's outboard motor. Collins assigned the job to Pierce. If Pierce's performance was unsatisfactory, could Brown hold Collins liable?
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(Essay)
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Correct Answer:
Yes. Although nonpersonal obligations can be transferred to a third person, the delegating party remains responsible for their proper performance. Brown can hold Collins liable if not satisfied with Pierce's work.
After a notice of assignment is received, the obligor must pay or perform for the ____________________.
(Short Answer)
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Bronson entered into a contract with Crane to have some electrical work done. Crane later delegated the work to Frank, another licensed electrician. Which of the following statements is true?
(Multiple Choice)
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Services of an attorney are personal in nature, and thus may not be ____________________.
(Short Answer)
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An example of a contract duty that may be delegated to another person is a
(Multiple Choice)
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Rights and duties under a contract can legally be transferred to another person.
(True/False)
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Clauses in contracts prohibiting assignments and delegations are invalid.
(True/False)
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The party to whom rights under a contract are transferred is called the obligor.
(True/False)
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After an assignment of rights has been made, it becomes effective ____________________.
(Short Answer)
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A written assignment may be either formal or ____________________.
(Short Answer)
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Retna purchased a new car from Brandy Motors and agreed to pay for it in monthly payments over a three-year period. Six months after purchasing the car, Retna ran into financial difficulties and could not afford to keep the car. She sold the car to Banks, who agreed to continue making the monthly payments until the car was paid off. If Banks fails to make payments as agreed, the party responsible for these payments is
(Multiple Choice)
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