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Once a contract has been formed, under certain circumstances, a ________ (someone who is not a party to the contract) may have a right to
- Once a contract has been formed, under certain circumstances, a ________ (someone who is not a party to the contract) may have a right to enforce it.
- The parties to a contract are sometimes referred to as the first party or the second party. Someone who is a nonparty may be referred to as a _____ party.
- Third parties may have rights under a contract if the contracting parties ________ to benefit them.
- A nonparty whom the parties intended to benefit under a contract is a third party ___________.
- An __________ beneficiary is someone the parties did not intend to benefit under their contract.
- A third party beneficiary may have the right to sue to ______ a party to fulfill its contractual obligations.
- Another way a third party may have rights is by __________.
- A party who assigns his or her rights under a contract to someone else is the ________.
- A party may generally transfer ______ under a contract to someone else as long as the transfer is not prohibited and does not substantially change or increase the other party's obligations under the contract.
- The ability of parties to transfer their contractual ______ is more limited than the ability to assign rights.
- Transfer of contractual duties is referred to as __________ .
- An ________ is a nonparty to whom a party assigns rights under a contract.
- After a contract is properly formed, performance may not yet be required if it is subject to __________.
- If circumstances beyond the control of a party make it impossible for the party to fulfill its obligations under a contract, the party's performance may be excused on the basis of _____________.
- When a party's duty to fulfill its obligations under a contract is excused or terminated, the party is said to be __________ from its contractual duties.
- In some cases, instead of perfect performance, a party may be discharged by substantial __________.
- If one party has ________ a contract, the other party's duty to perform will be discharged.
- If a condition to a party's performance has not been _________, the party may be discharged.
- In some cases, the parties may negotiate a ______ of an unsatisfied condition to complete a contract.
- Contractual duties may be discharged by mutual _________ between the parties.
- Ritchie says the vast majority of contracts are discharged by full ___________ by all parties.
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ANSWER CHOICES:
AGREEMENT ASSIGNEE ASSIGNMENT ASSIGNOR BENEFICIARY BREACHED COMPEL COMPLETION CONDITIONS DELEGATION DISCHARGED DUTIES IMPOSSIBILITY INCIDENTAL INTENDED NONPARTY PERFORMANCE RIGHTS SATISFIED THIRD WAIVER
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