True/False
Indicate whether the sentence or statement is true
or false.
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1.
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A
party to a contract may transfer the rights arising from the contract to another.
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2.
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Banks
may assign their loan contracts to other firms.
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3.
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An
assignee of a right to receive money acquires any rights to the money held by the
assignor.
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4.
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The
rights under a contract for personal service normally can be assigned.
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5.
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A
contract that contains a clause prohibiting its assignment will prevent it from being
assigned.
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6.
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A
right to receive income can be assigned.
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7.
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An
assignment of rights in real estate can always be prohibited.
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8.
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An
assignment is effective only after notice has been given to the obligor.
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9.
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Generally, a party may not delegate his or her duties under a
contract.
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10.
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A
third party beneficiary contract is formed only when the parties to a contract intend to
confer a benefit on a third party.
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11.
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Generally, a clause in a contract permitting "the assignment of all rights"
does not include a delegation of all duties.
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12.
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An
intended beneficiary can sue directly to enforce a promisor's promise.
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13.
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A
third party beneficiary contract is formed when a contract confers a benefit on any third
party.
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14.
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A
creditor beneficiary can sue directly to enforce a promisor's promise.
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15.
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A
donee beneficiary can never sue to enforce the promise of a promisor.
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16.
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The
vesting of contractual rights in a third party will always prevent the original parties to the
contract from modifying it.
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17.
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If a
contract does not require that performance be rendered directly to a third party, the third
party may be considered an incidental beneficiary.
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18.
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If a
contract does not require that performance be rendered directly to a third party, the third
party will be considered an intended beneficiary.
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19.
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An
incidental beneficiary can sue directly to enforce a promisee's promise.
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20.
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An
incidental beneficiary can sue directly to enforce a promisor's promise.
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