a. Contract rights are not assignable.
b. Most contract rights are assignable, but the permission of the obligor is always
c. In general, contract rights can be assigned only if the contract so states.
d. All contract rights can be assigned.
e. Most contract rights can be assigned even if a contract does not expressly allow this.
a. The assignee must have received all of the assignor's rights because partial
assignments are not permissible.
b. The assignee often gets greater ability to enforce a right than the assignor had.
c. The assignee obtains the assignor's rights only if the obligor consents.
d. The assignee's rights are no greater than those of the assignor.
e. The assignee has rights but must have the assignor institute any lawsuit needed to compel performance.
a. There is no effect because there is not duty to notify the obligor.
b. The obligor must perform the same duty for both the assignor and the assignee.
c. Performance by the obligor to the assignor will discharge the duty as to the assignee.
d. The obligor is discharged from having to perform the duty to either the assignor
or the assignee.
e. The obligor may sue the assignor for damages.
a. The benefit received by the donee beneficiary is a gift.
b. The donee beneficiary has also been delegated a duty.
c. The donee beneficiary was not intended to receive a benefit.
d. The donee beneficiary has preexisting obligations related to the contract.
e. The donee beneficiary status arose out of the assumption of a loan agreement.
a. The promisor who is to provide the benefit to the third-party beneficiary.
b. The promisee who directed that the benefit be provided to the third party
c. Both A and B.
d. Neither A nor B.
e. Both A and B only if it can be shown that the third-party beneficiary was aware of the contract when it was made.
Other sets by this creator
Market data indicates that smartphone users are very concerned about the battery life of their smartphones. An experiment is conducted in which the battery life of a newly designed smartphone battery is compared to the battery life of an existing smartphone battery. The following table summarizes the results of the experiment.
Completely analyze these data and indicate which battery design you prefer.
Assume that the length of a typical televised baseball game, including all the commercial timeouts, is normally distributed with mean 2.45 hours and standard deviation 0.37 hour. Consider a televised baseball game that begins at 2:00 in the afternoon. The next regularly scheduled broadcast is at .
If the game is over before , another half-hour show can be inserted into the 4:30-5:00 slot. What is the probability of this occurring?
During an interview with her investment adviser, a retired investor made the following two statements: a. “I have been very pleased with the returns I’ve earned on Petrie stock over the past two years, and I am certain that it will be a superior performer in the future.” b. “I am pleased with the returns from the Petrie stock because I have specific uses for that money. For that reason, I certainly want my retirement fund to continue owning the Petrie stock.” Identify which principle of behavioral finance is most consistent with each of the investor’s two statements.