Exam 17: Third Persons and Contracts

Unless language or circumstances indicate the contrary, a general assignment is:

The rights of a third-party beneficiary always cannot be destroyed without that beneficiary's consent.

Generally, an assignment must be in writing and signed by both parties.

The substitution of an old contract for a new one that replaces an obligation or a party for another is a:

An incidental beneficiary has the right to sue either party if there is a breach of contract.

When a buyer assigns the right to goods under a contract, the buyer's liability to make payment to the seller is:

An incidental beneficiary of a contract:

It is necessary that a third-party beneficiary be identified by name.

If there is a time limitation or any other restriction in a contract, a third-party beneficiary:

Whenever a contract is intended to benefit a third person, the third person is referred to as a delegator.

Under the UCC, an assignment of all the assignor's rights under a contract generally is held to be both an assignment of rights and a delegation of duties.

An assignee of a contract can bring suit on the contract only in the name of the assignor.

An assignment, if otherwise valid, takes effect the moment it is made.

A person who has a right to buy on credit can transfer that right to a close relative.

Bruce is a donee beneficiary to a life insurance contract if he is listed as the beneficiary.

Which of the following is not a third-party beneficiary contract?

The delegator of construction duties remains liable if:

Only written words that show an intention to transfer or assign will be given the effect of an assignment.

The making of an assignment __________ the assignor of any obligation of the contract.

An assignment is valid only if: