
Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
Edition 5ISBN: 978-1305575158
Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
Edition 5ISBN: 978-1305575158 Exercise 3
On August 1, Neptune Fisheries contracted in writing with West Markets to deliver to West 3,000 pounds of lobster at $4.00 a pound. Delivery of the lobsters was due October 1, with payment due November 1. On August 4, Neptune entered into a contract with Deep Sea Lobster Farms that provided as follows: "Neptune Fisheries assigns all the rights under the contract with West Markets dated August 1 to Deep Sea Lobster Farms." The best interpretation of the August 4 contract would be that it was:
a. Only an assignment of rights by Neptune
b. Only a delegation of duties by Neptune
c. An assignment of rights and a delegation of duties by Neptune
d. An unenforceable third-party beneficiary contract
a. Only an assignment of rights by Neptune
b. Only a delegation of duties by Neptune
c. An assignment of rights and a delegation of duties by Neptune
d. An unenforceable third-party beneficiary contract
Explanation
b) False. See explanation in a
c) True. ...
Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
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