Exam 16: Third Party Rights
Exam 1: Introduction to the Law and Our Legal System72 Questions
Exam 2: Ethics in Business72 Questions
Exam 3: The Courts and Alternative Dispute Resolution72 Questions
Exam 4: Constitutional Law72 Questions
Exam 5: Tort Law72 Questions
Exam 6: Intellectual Property72 Questions
Exam 7: Internet Law, social Media, and Privacy72 Questions
Exam 8: Criminal Law and Cyber Crime72 Questions
Exam 9: Introduction to Contracts72 Questions
Exam 10: Offer and Acceptance72 Questions
Exam 11: Consideration72 Questions
Exam 12: Capacity72 Questions
Exam 13: The Legality of Agreements72 Questions
Exam 14: Voluntary Consent72 Questions
Exam 15: Written Contracts72 Questions
Exam 16: Third Party Rights72 Questions
Exam 17: Contract Discharge and Remedies71 Questions
Exam 18: Introduction to Sales and Lease Contracts72 Questions
Exam 19: Title and Risk of Loss72 Questions
Exam 20: Performance and Breach72 Questions
Exam 21: Warranties and Product Liability72 Questions
Exam 22: Consumer Protection72 Questions
Exam 23: The Essentials of Negotiability72 Questions
Exam 24: Transferability and Liability72 Questions
Exam 25: Checks and Banking in the Digital Age72 Questions
Exam 26: Agency72 Questions
Exam 27: Employment, immigration, and Labor Law72 Questions
Exam 28: Employment Discrimination72 Questions
Exam 29: Sole Proprietorships, partnerships, and Limited Liability Companies72 Questions
Exam 30: Formation and Termination of a Corporation72 Questions
Exam 31: Management and Ownership of a Corporation72 Questions
Exam 32: Secured Transactions72 Questions
Exam 33: Creditors Rights and Remedies72 Questions
Exam 34: Bankruptcy72 Questions
Exam 35: Insurance72 Questions
Exam 36: Personal Property and Bailments72 Questions
Exam 37: Real Property72 Questions
Exam 38: Landlord and Tenant Law72 Questions
Exam 39: Wills and Trusts72 Questions
Exam 40: Administrative Law72 Questions
Exam 41: Antitrust Law72 Questions
Exam 42: International Law72 Questions
Select questions type
Orchid and Peony enter into a contract for the sale of Orchid's textbook at the end of the fall semester for which Peony agrees to pay Orchid $75.Peony wants to transfer her right to payment for the book to Queenie.This transfer is
Free
(Multiple Choice)
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Correct Answer:
B
Wilma owes Jill $5,000.Jill assigns the claim to Andrew.Jill
Free
(Multiple Choice)
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Correct Answer:
D
There are no exceptions to the rule that any duty can be delegated.
Free
(True/False)
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Correct Answer:
False
Ozzie contracts for the sale of 500 shares of stock in Premium Quality,Inc.,to Ray,with payment to go to Scholar University to pay Thalia's tuition.The contract reserves to Ozzie and Ray the right to modify its terms.Scholar's right to payment is
(Multiple Choice)
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Will owes Jenny $1,000.Brad owes Will $1,000.Will unconditionally assigns his rights to Jenny.Will's right to the $1,000 is then
(Multiple Choice)
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Leon contracts to install automatic watering troughs in Kendall's dairy barn.Leon then becomes seriously ill and contracts with Jake to install the troughs.Jake is unreliable and never shows up to install the troughs.Kendall can sue
(Multiple Choice)
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Marco and Fred enter into a contract for the sale of Marco's apartment for which Fred agrees to pay him $100,000.Marco cannot prohibit Fred from transferring his right to the ownership of the apartment because such a prohibition is
(Multiple Choice)
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Fact Pattern 16-1Four-Square Construction Company enters into a contract with Ben to remodel Carol's Home Store, using products from Delta Building Supplies.
-Refer to Fact Pattern 16-1.Halfway through the project,Four-Square refuses to finish the job.The contract can be enforced against Four-Square by
(Multiple Choice)
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Bea takes out a life insurance policy with Vida Insurance Corporation that names her spouse Wendell as the beneficiary.This is
(Multiple Choice)
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D'Alemberte contracts with Ella to render personal nursing services for the benefit of Federica.This is
(Multiple Choice)
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Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Buns n' Burgers in exchange for her payment of a debt that Lyle owes to New Credit Corporation.New Credit is
(Multiple Choice)
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Eli owes Martin $10,000.Martin assigns the claim to Jack.Jack does not notify Eli of the assignment.A week later,Martin assigns the same claim to Allen.Allen immediately notifies Eli of the assignment.Allen
(Multiple Choice)
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Bill and Charlene enter into a contract for the clearing,plowing,and preparing of Charlene's 100-acre tract for which she agrees to pay $1,000.Bill transfers his duty under this contract to Dewey.Dewey is
(Multiple Choice)
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Ilene and Jerry enter into a contract under which Ilene agrees to provide groundskeeping services for Jerry's Family Fun Center.Under an anti-delegation clause,the contract can prohibit and prevent the transfer of
(Multiple Choice)
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An intended third party beneficiary cannot enforce the contract against the original parties once the rights of the third party have vested.
(True/False)
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In an assignment,the assignee obtains only those rights that the assignor had.
(True/False)
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John enters into a contract with Katie's Coin-op Laundry to move a suite of dryers from one of Katie's locations to another.John subsequently transfers this duty to Loren.Loren is
(Multiple Choice)
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Expressly designating a third party as a beneficiary in a contract does not indicate whether the beneficiary is intended or incidental.
(True/False)
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An assignee's rights are subject to any defenses that the obligor has against the assignor.
(True/False)
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