B. A contract in which services that require a unique will taked ability. of the like are provided by a specific porum obligations, 7. The state of a person or firm recognized in be unable to pay A. An outside party in whom contract rights are transfered 9. The transfer of contract rights by one of the panics. 10. An assigner who guarantees of stands behind in assignment TRUE/FALSE QUIZ Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1 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. 11. 12. A third party who benefits incidentally from a contract has a right to the benefits if they exceed $500. 12. 13. The law in most states permits the assignment of most contract rights to a third party. 13 14. The court may make assignments for bankrupt persons. 14 15. An assignment must be in writing if the original contract was 15. required by law to be in writing. 15. 16. The assignment of certain contracts is prohibited by law. 17. It is legally permissible to delegate contract obligations to 17. perform certain tasks. 18. Contracts that specifically prohibit assignment in their wording 18. can still be assigned if the assignce is known to be a reputable person. 19. 19. Contracts for personal services may not be assigned unless there is agreement to the contrary.5. A delegation of duties carry out the tasks and performance under the CHAPTER FOURTEEN ASSESSMENT MATCHING LEGAL TERMS Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column. a. assigned e. delegation i. personal-service contract b. assignment f. guarantor j. third-party beneficiary C. assignor g. incidental beneficiary d. bankrupt h. novation 1. A significant change in a contract that is made with the mutual consent of all parties. 1. 2. The transfer of duties to a third party by a party to a contract. ST 2. 3. A party who would benefit from the performance of a contract, but for whom the contract is not created. 3. 4. An outside party for whose benefit a contract is made by other parties. third party. 5. A party to a contract who transfers his or her rights to a 5.220 Port 2 Contracts 20. In most cases, duties required in an employment contmet are nog ckelegable. 20. 21. Services of artists, musicians, photographers, and athletes can be delegated. 2:2. Some assignments are prohibited by public policy. 32. 23. Once a person delegates a contractual duty. he or she no longer has responsibility under the contract. 21. 24. A novation is a special kind of assignment where none of the parties to the contract are required to agree to its terms. 24. 25. The assignor of a contract right becomes a guarantor, 20. DISCUSSION QUESTIONS Answer the following questions and discuss them in class, 26. Distinguish between a third-party beneficiary and an incidental beneficiary. 27. Explain the legal concept of assignment of contracts and provide an example of a contract that is assignable. 28. Distinguish between the assignment of rights and delegation of duties. 29. Identify the three kinds of contracts that cannot be assigned