Deck 11: Third Party Contracts
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Deck 11: Third Party Contracts
1
Which of the following is a type of intended beneficiary?
A)Donee
B)Creditor
C)All of the above
D)None of the above
A)Donee
B)Creditor
C)All of the above
D)None of the above
C
2
A person receiving the transfer of a contractual duty is a(n)
A)delegator
B)delegatee
C)assignee
D)assignor
A)delegator
B)delegatee
C)assignee
D)assignor
B
3
A person transferring a right is a(n)
A)assignee
B)assignor
C)equitable
D)express
A)assignee
B)assignor
C)equitable
D)express
B
4
All duties are delegable.
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5
For third-party contract, there has to be an original contract between a promisor and promisee.
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6
An intended beneficiary only includes a donee beneficiary.
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7
There are no specific requirements to perfect an assignment.
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8
If a skill is not particularized, it can be
A)delegated
B)assigned
C)executed
D)none of the above
A)delegated
B)assigned
C)executed
D)none of the above
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9
Which of the following is a difference between a novation and assignment?
A)Novation has new terms, whereas assignment does not.
B)Novation must be agreed to, whereas assignment must not.
C)All of the above are differences between a novation and assignment.
D)None of the above are differences between a novation and assignment.
A)Novation has new terms, whereas assignment does not.
B)Novation must be agreed to, whereas assignment must not.
C)All of the above are differences between a novation and assignment.
D)None of the above are differences between a novation and assignment.
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10
An incidental beneficiary directly benefits from a contract.
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11
A delegation involves the transfer of which of the following?
A)Rights
B)Duties
C)Contracts
D)Money
A)Rights
B)Duties
C)Contracts
D)Money
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12
A party receiving an indirect benefit from a contract is a(n)
A)intended
B)creditor
C)donee
D)incidental
A)intended
B)creditor
C)donee
D)incidental
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13
Privity is a direct contractual relationship between a promisor and promisee.
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14
An assignment is a present transfer of a duty.
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15
An assignment involves the transfer of which of the following?
A)Duties
B)Parties
C)Equity
D)Rights
A)Duties
B)Parties
C)Equity
D)Rights
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16
The person who benefits from a third-party contract is an offeror.
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17
A creditor beneficiary is a third party to whom the promisee owes a legal duty.
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18
A delegation can be prohibited
A)by the courts
B)contractually
C)all of the above
D)none of the above
A)by the courts
B)contractually
C)all of the above
D)none of the above
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19
A nonassignable contract right is
A)personal service
B)duty
C)delegator
D)delegatee
A)personal service
B)duty
C)delegator
D)delegatee
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20
A delegation is a present transfer of a contractual right.
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21
Match between columns
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