Indicate whether each of the following statements is true or false by writing T or F in the answer column.
1. A third-party beneficiary has a legal right to receive the benefits of a contract if it is the intent of the contract to benefit the third party. 1. ___________
2. A third party who benefits incidentally from a contract has a right to the benefits if they exceed $ 500. 2. ___________
3. The law in most states permits the assignment of most contract rights to a third party.
3. ___________
4. The court may make assignments for bankrupt persons. 4. ___________
5. An assignment must be in writing if the original contract was required by law to be in writing. 5. ___________
6. The assignment of certain contracts is prohibited by law. 6. ___________
7. It is legally permissible to delegate contract obligations to perform certain tasks.
7. ___________
8. Contracts that specifically prohibit assignment in their wording can still be assigned if the assignee is known to be a reputable person. 8. ___________
9. Contracts for personal services may not be assigned unless there is agreement to the contrary. 9. ___________
10. In most cases, duties required in an employment contract are not delegable.
10. ___________
11. Services of artists, musicians, photographers, and athletes can be delegated.
11. ___________
12. Some assignments are prohibited by public policy. 12. ___________
13. Once a person delegates a contractual duty, he or she no longer has responsibility under the contract. 13. ___________
14. A novation is a special kind of assignment where none of the parties to the contract are required to agree to its terms. 14. ___________
15. The assignor of a contract right becomes a guarantor. 15. ___________