Exam 14: Operation of Contracts

Members of the armed services are permitted to assign their pay.

A(n) __________ transfers all rights and obligations in a contract.

When parties to a contract include in the contract itself a specific provision forbidding assignment, such a contract is called a:

When a contracting party dies, contract rights are assigned to the:

Third parties to a contract are affected by the contract if they:

The beneficiary named in the insurance policy is legally a(n):

Even employment contracts may be assigned if there is no relationship of trust or confidence, or any other circumstance that would create a materially greater burden on the party whose services are being assigned.

In a private-service contract, the party who hires the specific person to perform certain duties has a(n) ____________interest in having only the hired person perform.

A party to a contract will not be obligated by an assignment made by the other party without his or her knowledge until

Name the three kinds of contracts that cannot be assigned.

Which of the following contracts can be assigned?

What states, "No delegation of performance relieves the party delegating of any duty to perform or any liability for breach"?

A party to an existing contract may appoint a third person to perform contractual duties by:

If a third party enters the contract as a result of a novation, the party whose rights or duties are assumed is completely relieved of obligations.

Personal-service contracts may not be assigned because the party who hires the specific person has a substantial interest in having only the hired person perform.

When rights or duties that arise from a contract are legally transferred to a third party, such contracts are an exception to the general rule that only the parties to a contract have rights and duties under it.

In a bankruptcy, the assets and contracts of a bankrupt person or business will be assigned to:

The assignor of a contract right becomes a(n):

The person who transfers his or her rights is known as the assignor; the third party to whom the rights are transferred is known as the assignee.

In most states, the law permits parties to a contract to transfer their rights to another by: