With Regard to the Law Governing Privity of Contract and Assignment

question 145

Multiple Choice

With regard to the law governing privity of contract and assignment, which of the following is true?

• A) Where the assignor assigns the same debt to two or more persons, if the promisor (debtor) pays out in good faith to the first assignee to give him notice, he has no further obligation.
• B) If a promisor (debtor) accidentally pays out to the assignor after receiving notice of the assignment, he is free from any obligation to the assignee; the assignee must look to the assignor for payment.
• C) An equitable assignment is easier to enforce than a statutory assignment.
• D) An exception to the doctrine of privity of contract is a contract selling a car.
• E) Novation refers to the voiding of the original contract and substituting another.

Recognize the significance of logistical functions in distribution channels.

Comprehend the role of transactional functions performed by intermediaries.

Understand the facilitating functions within the distribution process.

Identify the types of intermediaries and their roles within marketing channels.

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Definitions:

Chemical Hazard

Any chemical substance that can cause harm to individuals or the environment when it is released or during its use.

Physical Hazard

Any factor within the environment that can potentially cause harm or adverse health effects to individuals.

Reactive Substances

Materials that undergo a chemical change when exposed to certain conditions, often used in industrial processes.

Safety Data Sheet

A document that details information on the properties, safety, handling, and potential hazards of a chemical product.