Dwayne and Ewell enter into a contract for the design of an addition to Dwayne’s house for which he agrees to pay Ewell. Ewell transfers his right to payment under the contract to Flex Construction Company. Flex is
a. a delegatee.
b. an assignee.
c. an obligee.
d. a prohibitee.
Trudy and Uri enter into a contract for the sale of Trudy’s house for which Uri agrees to pay her $250,000. Uri wants to transfer his right to the ownership of the house to Val, his niece. This transfer
a. is prohibited.
b. may be oral or written.
c. must be implied.
d. must be in writing.
Ralph and Sven enter into a contract under which Sven agrees to guide Ralph’s expedition through Tibet for which Ralph agrees to pay Sven. This contract may not be assigned if
a. the assignment will significantly change the risk of nonperformance.
b. the assignment is expressly prohibited by the terms of the contract.
c. the contract is uniquely personal in nature.
d. any of the choices.
Owen and Paula enter into a contract under which Owen agrees to cater Paula’s wedding in exchange for a cash down payment, a postdated check, and a possible interest in an apartment. The contract expressly prohibits any transfer of rights. The rights may be transferred if the transfer involves
a. a right to receive money, a negotiable instrument, or rights in real estate.
b. a right to receive money or a negotiable instrument only.
c. rights in real estate only.
d. none of the choices.
krystal272002 said:
May 02, 09 at 1:28 pmHere they are in order:
1 assignee since the owner of the right to payment under the contract is assigned to another party, then the third party is entitled to payment.
2. to protect all interested parties, any agreement should be writing otherwise it can be overturned in court if it is just a verbal contract.
3. A contract for specific performance requires the guide to actually perform the work of guiding in order to get the promised payment and is uniquely personal in nature.
4. A right to receive money or a negotiable instrument only, Owen is contracted to cater the wedding in exchange for cash and an interest in an a apartment.