GENB 4350 Test 3

The burden of investigating claims of assignment falls on the party notified of the:

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

A life insurance policy is an example of a third-party contract.

A person who is not a party to a contact but is intended by the contracting parties to benefit as a consequence of a contract is termed a(n):

A party's rights in a contract can be assigned to another party; and also a party's duties are transferred to a third party if the duties do not involve: 

Athletes are hired because of their special personal skills; because of this, their services under a contract:

Most rights are assignable, except in cases in which the obligations of the parties would be significantly:

Randy and Donald were property developers, and decided to construct a condominium in a certain neighborhood. Jim, who owned a chain of restaurants, heard of this agreement, and opened a new restaurant in the same neighborhood even before the condominium construction began. However, the plan for the condominium was not approved by the state authorities, and the project was cancelled. Jim suffered losses as a result, but he had no rights in the contract because he was a(n):

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. 

Personal-service contracts may be assigned.

An incidental beneficiary is one who may benefit as an indirect consequence of a contract, although that was not the intent of the:

All of the following contracts cannot be assigned, EXCEPT:

A person who agrees in a contract to perform a particular task may generally delegate this task to someone else, and cannot be held responsible for getting it done.

When all parties to a contract agree to a significant change in the contract, the change is called a(n):

An incidental beneficiary has a legal right to benefits resulting from a contract.

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

Rights or duties under a contract may be assigned by a court of law when a contracting party:

An incidental beneficiary is one who may benefit as a direct consequence of contract.

The laws dealing with bankruptcy provide that the assets and contracts of a bankrupt person or business be:

A contract may prohibit just one party from assigning or delegating.

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

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

Person A was contracted by Person B to build a beach house. Soon after, Person A was unable to complete the entire house, and hence assigned Person C to complete the contract, after seeking Person B's approval. In this example, the obligation of Person A is discharged and this is a:

In a contract, the term ________means tasks and performances, but not responsibilities. 

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

If the 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 are automatically assigned at the time of death.

For personal service contracts, parties may transfer their rights but never their duties.

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.

An assignment must always be in writing.

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

A third-party beneficiary to a contract has no legal right to the benefits resulting from the contract.

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

A party to a contract who assigns his or her rights or delegates his or her duties to a third party is: 

Third parties to a contract are those who are not a party to the contract but who:

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

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

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.

The Uniform Commercial Code (UCC) states, "No delegation of performance relieves the party delegating of any duty to perform or any liability for breach" under: 

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.