Exam 17: Third Parties

Tyron purchased a vacant lot and entered into a contract with BZ Inc.to construct a shopping center on the site.Douglas heard about this contract and built a restaurant on an adjoining piece of property because of the planned shopping center.Tyron was unable to raise the necessary capital and was unable to perform the contract with BZ,Inc.Douglas sued Tyron for breach of contract as a third party beneficiary.Douglas will probably

(Multiple Choice)

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Question 41

If Valley Bridge contracts with Rainbow Painters to paint a bridge and the contract requires that only Sherwin Williams paint be used,then Sherwin Williams,as third party beneficiary will be able to enforce the contract against either Valley Bridge or Rainbow Painters.

(True/False)

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Question 42

Regarding beneficiaries,if the promisee is making a gift,the third party is called a _______ beneficiary.

(Multiple Choice)

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Question 43

Most,but not all,contract rights are assignable.

(True/False)

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Question 44

Susan took out a life insurance policy on herself,paying all of the premium payments.She named her daughter,Jessica,as the beneficiary under the policy.Jessica has not given anything in consideration for the policy.Jessica is

(Multiple Choice)

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Question 45

Showing 41 - 45 of 45

Exam 17: Third Parties

If Valley Bridge contracts with Rainbow Painters to paint a bridge and the contract requires that only Sherwin Williams paint be used,then Sherwin Williams,as third party beneficiary will be able to enforce the contract against either Valley Bridge or Rainbow Painters.

Regarding beneficiaries,if the promisee is making a gift,the third party is called a _______ beneficiary.

Most,but not all,contract rights are assignable.

Susan took out a life insurance policy on herself,paying all of the premium payments.She named her daughter,Jessica,as the beneficiary under the policy.Jessica has not given anything in consideration for the policy.Jessica is

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