True/False
Indicate whether the
statement is true or false.
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1.
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A transfer of contract rights to a third party is an obligator.
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2.
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Privity of contract refers to the privacy that contracting parties should
maintain with respect to their contract.
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3.
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The person to whom rights in a contract are assigned is the assignee.
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4.
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An assignee can compel the obligor to perform.
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5.
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An unconditional assignment of rights in a contract will extinguish the rights
of the assignor.
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6.
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To be enforceable, any assignment must be in writing.
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7.
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An assignment of an insurance policy cannot be prohibited.
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8.
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An assignment of a negotiable instrument is generally prohibited.
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9.
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Notice is not legally required to establish the validity of an
assignment.
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10.
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The assignment of the same contract right to two different parties results in
their "splitting the difference."
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11.
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To be enforceable, a delegation of duties must be in writing.
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12.
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Alienation is a transfer of contract rights between citizens of different
nations.
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13.
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A delegation relieves the party making it of the obligation to perform even if
the party to whom the duty is delegated fails to perform.
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14.
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An intended beneficiary is entitled to enforce the promise of a promisor.
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15.
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A "donee" beneficiary is always an "incidental"
beneficiary.
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16.
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A creditor beneficiary has the power to sue the promisee if the contract is
breached.
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17.
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A life insurance contract is a third party beneficiary contract involving a
donee beneficiary.
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18.
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The rights of a third party beneficiary under a contract are subject to any
express reservation of rights in the contract to the original parties.
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19.
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An incidental beneficiary is not entitled to enforce the promise of a
promisor.
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20.
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If a contract benefits a third party incidentally, the third party has the power
to enforce the contract.
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