question archive A transfer of contract rights to a third party is an assignment
A transfer of contract rights to a third party is an assignment
Subject:BusinessPrice: Bought3
A transfer of contract rights to a third party is an assignment.
True
False
An assignment of rights
Group of answer choices
Gives the assignor all of the rights of the assignee plus additional rights since they are the assignor.
Gives the obligor additional rights.
All of these answers.
Gives the assignee all of the rights of the assignor but no more.
Flag question: Question 3
Generally, the assignee does not have to give notice of the assignment to the obligor.
Group of answer choices
True
False
Flag question: Question 4
Once an assignor assigns their rights, the assignor is not able to bring a suit against the party who is supposed to perform their duty to the contract. This means that the rights of the assignor are extinguished.
Group of answer choices
True
False
Flag question: Question 5
The assignee (third party) who received the rights to the contract from the assignor is not able to bring a suit against the original party to the contract.
Group of answer choices
True
False
Flag question: Question 6
A delegation of duties is the transfer to a third party of the duty to perform under a contract.
Group of answer choices
True
False
Flag question: Question 7
A delegation of duties relieves the delegator of all responsibilities of the contract.
Group of answer choices
True
False
Flag question: Question 8
Picasso is hired by the President to paint the White House white. Picasso delegates the job to Vincent Van Gough without the permission of the President. However, this is a task that any competent house painter can perform. Unfortunately, Vincent Van Gough paints the White House neon pink. Which of the following is true?
Group of answer choices
The President cannot sue or prevail over either party since the President was not consulted with the delegation
The President can sue and prevail against Vincent Van Gough and Picasso
The President can sue and prevail only against Vincent Van Gough
The President can sue and prevail only against Picasso
Flag question: Question 9
App Developers, Inc. (ADI), enters into a contract with Carmen, the chief executive officer of SalesCorp, to create an app for the firm. To fulfill the contract, ADI hires Max and ten other student interns. With respect to the contract, Max is considered:
Group of answer choices
An intended beneficiary
A delegate
An assignee
An incidental beneficiary
Flag question: Question 10
Four-Square Construction Company enters into a contract with Ben. Ben will pay Four-Square Construction Company to remodel Carol's Home Store. Halfway through the project, Four-Square refuses to finish the job. The contract can be enforced against Four-Square by
Group of answer choices
Ben or Carol's Home Store
Carol's Home Store only
No one
Ben only
