Question 1

Which statement most accurately describes third party beneficiary rights?

Accepted Answer

A) A beneficiary may enforce a contract if the parties intended to benefit him and if enforcing the promise will satisfy a duty of the promisee to the beneficiary. 
B) If a promisee intended to make a gift to the beneficiary,the beneficiary may not enforce the contract. 
C) An intended third party beneficiary has no enforceable rights in a contract. 
D) Incidental beneficiaries have enforceable rights against both contracting parties. 
A) A beneficiary may enforce a contract if the parties intended to benefit him and if enforcing the promise will satisfy a duty of the promisee to the beneficiary. 
B) If a promisee intended to make a gift to the beneficiary,the beneficiary may not enforce the contract. 
C) An intended third party beneficiary has no enforceable rights in a contract. 
D) Incidental beneficiaries have enforceable rights against both contracting parties.

Question 2

Cheryl enters into a contract with Gabe.In this contract,Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles.Leah is:

Accepted Answer

A) a third party creditor beneficiary. 
B) a third party donee beneficiary. 
C) a third party incidental beneficiary. 
D) the promisee in the contract. 
A) a third party creditor beneficiary. 
B) a third party donee beneficiary. 
C) a third party incidental beneficiary. 
D) the promisee in the contract.

Question 3

If Casey assigns her rights to receive income from rental property to Errol,then Errol will legally acquire any rights to the income previously held by Casey.

Accepted Answer

A) True 
 B)False

Question 4

Brandon orally assigned his right to $100 from a lawn mowing contract to Will as a gift.This assignment is:

Accepted Answer

A) not valid because it was not in writing. 
B) valid even though it was oral and there was no consideration from Will. 
C) irrevocable once Brandon has told Will about the gift. 
D) not valid because Will gave no consideration for the assignment. 
A) not valid because it was not in writing. 
B) valid even though it was oral and there was no consideration from Will. 
C) irrevocable once Brandon has told Will about the gift. 
D) not valid because Will gave no consideration for the assignment.

Question 5

Claims for personal injury are generally assignable.

Accepted Answer

A) True 
 B)False

Which statement most accurately describes third party beneficiary rights?

Cheryl enters into a contract with Gabe.In this contract,Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles.Leah is:

If Casey assigns her rights to receive income from rental property to Errol,then Errol will legally acquire any rights to the income previously held by Casey.

Brandon orally assigned his right to $100 from a lawn mowing contract to Will as a gift.This assignment is:

Claims for personal injury are generally assignable.

Introduction to Law

Business Ethics and Social Responsibility

Dispute Resolution

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Torts and Product Liability

Crime

International Law

Introduction to Contracts

Agreement

Consideration

Legality

Capacity and Consent

Written Contracts

Performance and Discharge

Remedies

practical Contracts

Introduction to Sales

Ownership and Warranties

Performance and Remedies

Negotiable Instruments

Secured Transactions

Bankruptcy

Agency

Employment and Labor Law

Employment and Discrimination

Starting a Business

Corporations

Government Regulations:Securities and Antitrust

Consumer Protection

Cyberlaw

Intellectual Property

Real and Personal Property

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Exam 15: Third parties

Which statement most accurately describes third party beneficiary rights?

Cheryl enters into a contract with Gabe.In this contract,Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles.Leah is:

If Casey assigns her rights to receive income from rental property to Errol,then Errol will legally acquire any rights to the income previously held by Casey.

Brandon orally assigned his right to $100 from a lawn mowing contract to Will as a gift.This assignment is:

Claims for personal injury are generally assignable.

Introduction to Law

Business Ethics and Social Responsibility

Dispute Resolution

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Torts and Product Liability

Crime

International Law

Introduction to Contracts

Agreement

Consideration

Legality

Capacity and Consent

Written Contracts

Performance and Discharge

Remedies

practical Contracts

Introduction to Sales

Ownership and Warranties

Performance and Remedies

Negotiable Instruments

Secured Transactions

Bankruptcy

Agency

Employment and Labor Law

Employment and Discrimination

Starting a Business

Corporations

Government Regulations:Securities and Antitrust

Consumer Protection

Cyberlaw

Intellectual Property

Real and Personal Property

Filters