Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please True/False indicate whether the statement is true or false. 1. When work is guaranteed by one who repairs a building, the owner, on

image text in transcribed

help please

True/False indicate whether the statement is true or false. 1. When work is guaranteed by one who repairs a building, the owner, on selling the building, may assign the guarantee to the buyer. 2. A person entitled to receive money may generally assign that right to another persorn 3. In general, one may assign rights if that does not cause the obligor's duties to increase or change materially. 4. When duties under a contract are delegated, the party making the delegation remains responsible for the performance of the contract just as though no delegation had been made. An assignment is a transfer of rights, and a delegation is a transfer of duties. A person who has a right to buy on credit can transfer that right to a close relative. A third person does not have the status of an intended third-party beneficiary unless it is clear at the time the 5. -6. 7. contract was formed that the parties intended to impose a direct obligation with respect to the third person. 8. Persons who are not a party to a contract can never bring a suit based on that contract. True/False indicate whether the statement is true or false. 1. When work is guaranteed by one who repairs a building, the owner, on selling the building, may assign the guarantee to the buyer. 2. A person entitled to receive money may generally assign that right to another persorn 3. In general, one may assign rights if that does not cause the obligor's duties to increase or change materially. 4. When duties under a contract are delegated, the party making the delegation remains responsible for the performance of the contract just as though no delegation had been made. An assignment is a transfer of rights, and a delegation is a transfer of duties. A person who has a right to buy on credit can transfer that right to a close relative. A third person does not have the status of an intended third-party beneficiary unless it is clear at the time the 5. -6. 7. contract was formed that the parties intended to impose a direct obligation with respect to the third person. 8. Persons who are not a party to a contract can never bring a suit based on that contract

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Listed Volatility And Variance Derivatives

Authors: Yves Hilpisch

1st Edition

1119167914, 978-1119167914

More Books

Students also viewed these Finance questions

Question

Are there any questions that you want to ask?

Answered: 1 week ago