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>Part OneTrue or False (2 points each) 1.______ An assignee takes more rights than the assignor originally had. F 2.______ An assignee is the party
>Part OneTrue or False (2 points each) 1.______ An assignee takes more rights than the assignor originally had. F 2.______ An assignee is the party who transfers the right to receive performance. 3.______ The most common award for breach of contract is specific performance. 4.______ A liquidated damages clause may sometimes be held unenforceable because is considered a penalty. 5._______ Duties that are personal in nature generally cannot be delegated. 6._______ Parol evidence may be allowed to explain an ambiguity. 7._______ A contract for the sale of a small parcel of remote land for $450.00 does not have to be in writing to satisfy the statute of frauds. 8._______ A lease for a term of more than one year must be in writing to satisfy the statute of frauds. 9.________ A mutual mistake of value exists if both parties know the value of a contract, but are mistaken as to the subject matter. 10._______ A material fact is one that is not very significant to the subject matter of a contract. 11._______ When proving duress to avoid a contract, the plaintiff must show he had no practical alternative but to acquiesce to the other party's threat. 12._______ The law allows rescission of some contracts where there is mutual mistake. 13._______ A collateral or guaranty contract must be in writing to be enforceable. 14._______ A promise to "work for Alex until Alex dies" is a contract that cannot be performed within one year. 15._______ In the U.S. when a party wins a breach of contract suit, courts typically order the losing party to pay the winning party's attorney fees. 16.________ An incidental beneficiary of a contract may sue the breaching party to recover for injury. 17.________In Lucy v. Zehmer, which appears in your text, and was discussed in class, the seller ultimately won the case because the contract was not in writing. _18.______Generally, a catalogue listing with description and price is considered an offer by the sender of the catalogue
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