Question 1

In the case Rosenberg v.Son,Inc.,the Court held that:

Accepted Answer

A) Son, Inc., as the assignee, was liable to the Rosenbergs. 
B) Despite the assignment of her rights, Pratt remained liable to the Rosenbergs. 
C) The assignment became a novation because Rosenberg signed it. 
D) The Rosenbergs became liable to Son, Inc. 
A) Son, Inc., as the assignee, was liable to the Rosenbergs. 
B) Despite the assignment of her rights, Pratt remained liable to the Rosenbergs. 
C) The assignment became a novation because Rosenberg signed it. 
D) The Rosenbergs became liable to Son, Inc.

Question 2

Brandon owes money to Jim.If Jim assigns to Rita his rights to Brandon's money,Jim is:

Accepted Answer

A) the obligor. 
B) the assignee. 
C) the assignor. 
D) the beneficiary. 
A) the obligor. 
B) the assignee. 
C) the assignor. 
D) the beneficiary.

Question 3

Generally,the assignment of the obligation to perform personal services is invalid.

Accepted Answer

A) True 
 B)False

Question 4

Robert hired James,a CPA,to prepare his tax returns.James was too busy and delegated the work to Sara,also a CPA.This delegation is:

Accepted Answer

A) enforceable, as Sara is also a CPA. 
B) enforceable, as there was no expectation James would do the work. 
C) not enforceable, as Robert hired James to perform personal services. 
D) not enforceable, as this violates public policy. 
A) enforceable, as Sara is also a CPA. 
B) enforceable, as there was no expectation James would do the work. 
C) not enforceable, as Robert hired James to perform personal services. 
D) not enforceable, as this violates public policy.

Question 5

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:

Accepted Answer

A) a donee beneficiary who has rights to enforce the policy once Susan dies. 
B) a creditor beneficiary who has rights to enforce the policy once Susan dies. 
C) an incidental beneficiary because Jessica did not give any consideration for the policy and therefore cannot enforce the policy even when Susan dies. 
D) None of the above. 
A) a donee beneficiary who has rights to enforce the policy once Susan dies. 
B) a creditor beneficiary who has rights to enforce the policy once Susan dies. 
C) an incidental beneficiary because Jessica did not give any consideration for the policy and therefore cannot enforce the policy even when Susan dies. 
D) None of the above.

In the case Rosenberg v.Son,Inc.,the Court held that:

Brandon owes money to Jim.If Jim assigns to Rita his rights to Brandon's money,Jim is:

Generally,the assignment of the obligation to perform personal services is invalid.

Robert hired James,a CPA,to prepare his tax returns.James was too busy and delegated the work to Sara,also a CPA.This delegation is:

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:

Introduction to Law

Business Ethics and Social Responsibility

Dispute Resolution

Common Law, statutory Law, and Administrative Law

Constitutional Law

Torts

Crime

International Law

Introduction to Contracts

Agreement

Consideration

Legality

Capacity and Consent

Written Contracts

Performance and Discharge

Remedies

Introduction to Sales

Ownership and Risk

Warranties and Product Liability

Performance and Remedies

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Liability for Negotiable Instruments: Banks and Their Customers

Secured Transactions

Bankruptcy

Agency

Employment Law

Starting a Business: Llcs and Other Options

Corporations

Securities Regulation

Property

Cyberlaw

Intellectual Property

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Exam 15: Third Parties

In the case Rosenberg v.Son,Inc.,the Court held that:

Brandon owes money to Jim.If Jim assigns to Rita his rights to Brandon's money,Jim is:

Generally,the assignment of the obligation to perform personal services is invalid.

Robert hired James,a CPA,to prepare his tax returns.James was too busy and delegated the work to Sara,also a CPA.This delegation is:

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:

Introduction to Law

Business Ethics and Social Responsibility

Dispute Resolution

Common Law, statutory Law, and Administrative Law

Constitutional Law

Torts

Crime

International Law

Introduction to Contracts

Agreement

Consideration

Legality

Capacity and Consent

Written Contracts

Performance and Discharge

Remedies

Introduction to Sales

Ownership and Risk

Warranties and Product Liability

Performance and Remedies

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Liability for Negotiable Instruments: Banks and Their Customers

Secured Transactions

Bankruptcy

Agency

Employment Law

Starting a Business: Llcs and Other Options

Corporations

Securities Regulation

Property

Cyberlaw

Intellectual Property

Filters