Business Law 16.0

Question 1

assigns

Answer 1

transfers

Question 2

rights

Answer 2

benefits

Question 3

3 ways contracts can impact 3rd parties

Answer 3

1. a party assigns their rights under the contract to a 3rd party (structured settlement)
2. a party can delegate their duties under the contract to a 3rd party (pc snowplow emergency)
3. the contract is entered into for the benefit of a 3rd party (tuition)

Question 4

partial assignments of contract rights are permissable

Answer 4

the strip mall example and splitting profits

Question 5

what certain contract rights are not assignable

Answer 5

1. where the contract itself prohibits any assignment of the contract
2. where the contract involves highly personal contract rights (kim english)
3. where the assignment would materially increase the risk or burden on the other party