Question 1

Which statement most accurately describes third party beneficiary rights?

Accepted Answer

A)  A beneficiary may enforce a contract if the parties intended to benefit him and if enforcing the promise will satisfy a duty of the promisee to the beneficiary.
B)  If a promisee intended to make a gift to the beneficiary,the beneficiary may not enforce the contract.
C)  An intended third party beneficiary has no enforceable rights in a contract.
D)  Incidental beneficiaries have enforceable rights against both contracting parties.

Question 2

Claims for personal injury are generally assignable.

Accepted Answer

A) True 
 B)False

Question 3

Cheryl enters into a contract with Gabe.In this contract,Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles.Leah is:

Accepted Answer

A)  a third party creditor beneficiary.
B)  a third party donee beneficiary.
C)  a third party incidental beneficiary.
D)  the promisee in the contract.

Question 4

If Casey assigns her rights to receive income from rental property to Errol,then Errol will legally acquire any rights to the income previously held by Casey.

Accepted Answer

A) True 
 B)False

Question 5

Brandon orally assigned his right to $100 from a lawn mowing contract to Will as a gift.This assignment is:

Accepted Answer

A)  not valid because it was not in writing.
B)  valid even though it was oral and there was no consideration from Will.
C)  irrevocable once Brandon has told Will about the gift.
D)  not valid because Will gave no consideration for the assignment.

Exam 15: Third parties

Brandon orally assigned his right to $100 from a lawn mowing contract to Will as a gift.This assignment is:

Correct Answer
verified

If Casey assigns her rights to receive income from rental property to Errol,then Errol will legally acquire any rights to the income previously held by Casey.

Correct Answer
verified

Cheryl enters into a contract with Gabe.In this contract,Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles.Leah is:

Correct Answer
verified

Which statement most accurately describes third party beneficiary rights?

Correct Answer
verified

Claims for personal injury are generally assignable.

Correct Answer
verified

Exam 15: Third parties

Brandon orally assigned his right to $100 from a lawn mowing contract to Will as a gift.This assignment is:

Correct AnswerverifiedShow Answer

If Casey assigns her rights to receive income from rental property to Errol,then Errol will legally acquire any rights to the income previously held by Casey.

Correct AnswerverifiedShow Answer

Cheryl enters into a contract with Gabe.In this contract,Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles.Leah is:

Correct AnswerverifiedShow Answer

Which statement most accurately describes third party beneficiary rights?

Correct AnswerverifiedShow Answer

Claims for personal injury are generally assignable.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified