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Quiz 3This quiz will cover terms in Legal English that are used contracts. The area of contracts covered are Assignments, Delegations and Third-Party Beneficiary Contracts. 1. Terry agreed to pay Flora $100 to deliver two dozen roses to Pat at her home. Who is the promisor? Who is the promisee? Who is the beneficiary? 2. Sidney owns a stereo store. She sold a stereo to Chris on Credit. Banco paid Sidney 2,500 for the note signed by Chris, thus obtaining the right to receive payments from Chris. Who is the assignor? Who is the assignee? Who is the obligor? 3. Lestor has a liquor distributorship. He has a long term contract with Bills Bar to provide them with all the kegs of beer they require at a set price. Lester sells the business, including all contracts to Ralph. Who is the delegating party, who is the delegated party, who is the obligee. 4. When can a third party sue a promisor to enforce a contract? 5. When a third party sues a promisor under a contract, can the promisor argue that the other party to the contract, (the promisee) did not really owe the beneficiary any money, and therefore excusing the promisor'' failure to perform? 6. Under what circumstances is an assignment of contractual rights unenforceable.? 7. How do courts limit the power of parties to forbid assignment by contract? 8. Under what circumstances is a delegation of duties under a contract unenforceable? 9. After an effective delegation of contractual duties can the delegating party still be sued if the party to whom she delegated the duties fails to perform them?
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