1. A _____ when both rights and duties are transferred to a third party

2. Contract rights assigned by a party to a third party are enforceable by _____.

3. When an assignment is made the assignee has the duty to _____ the obligor.

4. The _____ has no better rights than the assignor had.

5. Another way to avoid court to settle a contract dispute is by _____.

6. Performance of a contract made to take advantage of a future event out of the control of either party can result in impossibility due to _____.

7. Failure to perform one or more of the contractual obligations by the agreed time is _____.

8. The party offering to perform a contractual obligation must be _____.

9. Under ______ bankruptcy a debtor may file a plan to reorganize the business.

10. One of the debts not discharged by bankruptcy are _____.

11. ___ damages flow from wrongful conduct of breach of contract.

12. ____ damages stem from a partys particular circumstances.

13. A _____ gives law authorities the right to seize property to satisfy a judgement.

14. _____ is the principal means of enforcing an injunction.

15. In general with ownership also passes _____.

16. With a _____a seller retains certain rights to good before they are paid for.

17. A _____ posses the property of another with their acquiescence .

18. One of the implied warranties is that the buyer will receive _____.

19. The most common type of contract used for government procurement is _____.

20. The _____ assures that the contractor will sign the contract if he is awarded it.

21. Public contracts are awarded to the lowest _____ and responsive and suitable bidder.

22. The _____ of the specifications usually contains the business considerations.

23. One reason for written specifications is _____.

24. One way to create an agency relationship is by _____.

25. Agency is a _____ relationship.

Answer List

A. writ of execution T. bailee

B. General U. fiduciary

C. estoppel V. assignee

D. arbitration W. front end

E. performance bond X. joint tenancy

F. undue hardship Y. lump sum

G. Chapter 7 AA. taxes

H. a court of equity BB. responsible

I. special CC. a breach

J. an anticipatory breach DD. Chapter 11

K. novation EE. risk of loss

L. good title FF. commercial frustration

M. ready, willing and able GG. the third party

N. they create a permanent record HH. Chapter 13

O. unconditional

P. notify

Q. bid bond

R. security interest

S. contempt of court