Exam 16: Third Parties to Contracts

After an assignment, only the assignee has a right to the obligor's performance.

(True/False)

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Question 81

A person who owes a duty under a contract is an obligee.

(True/False)

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Question 82

Renie has a right to $1,000 against Edd and assigns it for $850 to Megan in exchange for a week's stay at Megan's beach house. Later, Renie gives Edd a release. Megan:

(Multiple Choice)

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Question 83

Consideration is not required for an assignment to be effective.

(True/False)

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Question 84

The student government of State University has a contract with a famous rock band to perform at the university on homecoming weekend. The band cannot assign its rights and delegate its duties under this contract.

(True/False)

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Question 85

Article 9 of the UCC makes ineffective any term in a contract prohibiting the assignment of a security interest arising out of a sale of any right to payment for goods sold.

(True/False)

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Question 86

Showing 81 - 86 of 86

Exam 16: Third Parties to Contracts

After an assignment, only the assignee has a right to the obligor's performance.

A person who owes a duty under a contract is an obligee.

Renie has a right to $1,000 against Edd and assigns it for $850 to Megan in exchange for a week's stay at Megan's beach house. Later, Renie gives Edd a release. Megan:

Consideration is not required for an assignment to be effective.

The student government of State University has a contract with a famous rock band to perform at the university on homecoming weekend. The band cannot assign its rights and delegate its duties under this contract.

Article 9 of the UCC makes ineffective any term in a contract prohibiting the assignment of a security interest arising out of a sale of any right to payment for goods sold.

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Performance Breach and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits Collections and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

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Environmental Law

International Business Law

Introduction to Property Property Insurance Bailments and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

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