Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) ​may ignore it. 
B) may void it. 
C) is bound thereby.​ 
D) ​must consent to be bound thereby before it is effective. 
A) ​may ignore it. 
B) may void it. 
C) is bound thereby.​ 
D) ​must consent to be bound thereby before it is effective.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

If a municipality contracts with a contractor to pave a street, the homeowners on that street are third-party beneficiaries of the contract.

Accepted Answer

A) True 
 B)False

Question 6

The right to file a legal claim may not be assigned.​

Accepted Answer

A) True 
 B)False

Question 7

In general, an assignee stands:​

Accepted Answer

A) ​in a position subordinate to the assignor. 
B) exactly in the position of the assignor. 
C) ​in a position superior to the assignor. 
D) ​in a position similar to, but not equal to, the assignor. 
A) ​in a position subordinate to the assignor. 
B) exactly in the position of the assignor. 
C) ​in a position superior to the assignor. 
D) ​in a position similar to, but not equal to, the assignor.

Question 8

Intended beneficiaries and creditor beneficiaries can be the same person.

Accepted Answer

A) True 
 B)False

Question 9

Alberto enters into a contract with a contractor to build a parking garage in Gotham City.Stop-N-Go will greatly benefit from this contract since Alberto's parking garage is adjacent to Stop-n-Go.In this scenario Stop-n-Go is:​

Accepted Answer

A) ​an incidental beneficiary. 
B) a partial beneficiary. 
C) ​a donee beneficiary. 
D) ​an implied beneficiary: 
A) ​an incidental beneficiary. 
B) a partial beneficiary. 
C) ​a donee beneficiary. 
D) ​an implied beneficiary:

Question 10

An obligor required to render a performance under a contract can transfer the duty to perform to another person whenever desired.​

Accepted Answer

A) True 
 B)False

Exam 17: Third Persons and Contracts

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

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

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

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

If a municipality contracts with a contractor to pave a street, the homeowners on that street are third-party beneficiaries of the contract.

The right to file a legal claim may not be assigned.​

In general, an assignee stands:​

Intended beneficiaries and creditor beneficiaries can be the same person.

Alberto enters into a contract with a contractor to build a parking garage in Gotham City.Stop-N-Go will greatly benefit from this contract since Alberto's parking garage is adjacent to Stop-n-Go.In this scenario Stop-n-Go is:​

An obligor required to render a performance under a contract can transfer the duty to perform to another person whenever desired.​

The Nature and Sources of Law

The Court System and Dispute Resolution

Business Ethics, Social Forces, and the Law

The Constitution As the Foundation of the Legal Environment

Government Regulation of Competition and Prices

Administrative Agencies

Crimes

Torts

Intellectual Property Rights and the Internet

The Legal Environment of International Trade

Nature and Classes of Contracts: Contracting on the Internet

Formation of Contracts: Offer and Acceptance

Capacity and Genuine Assent

Consideration

Legality and Public Policy

Writing, Electronic Forms, and Interpretation of Contracts

Discharge of Contracts

Breach of Contract and Remedies

Personal Property and Bailments

Legal Aspects of Supply Chain Management

Nature and Form of Sales

Title and Risk of Loss

Product Liability: Warranties and Torts

Obligations and Performance

Remedies for Breach of Sales Contracts

Kinds of Negotiable Instruments and Negotiability

Transfers of Negotiable Instruments and Warranties of Parties

Liability of the Parties Under Negotiable Instruments

Checks and Funds Transfers

Nature of the Debtor-Creditor Relationship

Consumer Protection

Secured Transactions in Personal Property

Bankruptcy

Insurance

Agency

Third Persons in Agency

Regulation of Employment

Equal Employment Opportunity Law

Filters

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

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

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

The right to file a legal claim may not be assigned.

In general, an assignee stands:

Alberto enters into a contract with a contractor to build a parking garage in Gotham City.Stop-N-Go will greatly benefit from this contract since Alberto's parking garage is adjacent to Stop-n-Go.In this scenario Stop-n-Go is:

An obligor required to render a performance under a contract can transfer the duty to perform to another person whenever desired.