Exam 16: Third Party Rights

Forrest makes and sells furniture.Forrest and Glenda enter into a contract for the delivery of Forrest's products to Glenda's Gear retail locations for which she agrees to pay the invoiced price.Forrest transfers the right to payment under the contract to Haulers Trucks & Trailers.This transfer is 

A donee beneficiary is any third person who receives a benefit from a contract even though that person's benefit is not the reason the contract was made.

The assignment of the same contract right to two different parties automatically cancels both assignments.

An incidental third party beneficiary cannot sue to enforce the contract because the benefit is unintentional.

Both intended and incidental beneficiaries acquire legal rights in a contract. 

Rights to receive funds can be assigned. 

Uri and Victor enter into a contract by which Uri promises to deliver business cards,advertising banners,and other marketing materials to Victor.Uri later transfers his duty under the contract to Wren.Uri is​ 

Hilda signs a contract with Indemnity Insurance Company that intentionally confers a benefit on Hilda's daughter Jackie as the designated beneficiary.Jackie's rights under the contract will vest​ 

Laramie contracts to provide cattle-herding services to Miles for $1,400 per month.Laramie cannot transfer this duty​ 

A transfer of contract rights to a third party is an assignment. 

All that a delegator needs to do to make a delegation effective is to express an intention to make the delegation.

In an assignment,the party assigning the rights to a third party is the assignee. 

Alienation is a transfer of land ownership.

James and MaryElise enter into a contract.James agrees to mow MaryElise's yard every week for the summer.MaryElise is the 

A third party's right to control the details of performance of a contract indicates that the third party is an intended beneficiary.

Richly Retail Outlets,Inc.,contracts with Stand-Rite Contractors to build a store.Stand-Rite assigns the contract to Town Builders,which has a poor record of completing projects.Richly could most successfully argue that the contract cannot be assigned because 

Opportunity Market Company (OMC)and Pierce enter into a contract for Pierce to cut and trim the landscaping around OMC's building before a meeting of the company's sales staff.When Pierce's schedule conflicts,he asks Rachel to do the cutting and trimming.This transfer of duties is​ 

A right can be assigned even if the assignment will significantly alter the risks or duties of the obligor.

A special form is required to create a delegation of duties. 

Revenue & Sales Corporation and Software Solutions,Inc.,enter into a contract for the design of custom software for which Revenue & Sales agrees to pay $4,500.Software Solutions transfers the right to payment under the contract to Creditline Company.Creditline is