Exam 17: Third Persons and Contracts

An assignee's rights are the same as those that had been possessed by the assignor.​

Only parties who actually signed a contract may sue on it.

The delegator of construction duties remains liable if:​

An incidental beneficiary of a contract:​

When duties under a contract are delegated, the party making the delegation remains responsible for the performance of the contract just as though no delegation had been made.​

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

The making of an assignment relieves the assignor of any and all obligations existing under the original contract.​

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

In a contract in which a tenant borrowed money from a bank for the purpose of adding a bathroom to her apartment, the landlord is:​

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

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

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

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

An assignment of royalties to a song:​

A third person automatically has the status of an intended third-party beneficiary regardless of the parties' intentions at the time of contracting.

A life insurance contract is a third-party:​

The party making an assignment is called the:​

In general, one may assign rights if that does not cause the obligor's duties to increase or change materially.​

A third-party beneficiary:​

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