Jerry Purchased a Laptop Computer for His Personal Use from Computer

question 35

Multiple Choice

Jerry purchased a laptop computer for his personal use from Computer City on an installment loan contract.The sales contract stated that in the event the contract is assigned to a third party,the purchaser (Jerry) promises he will not assert any claim or defense against the assignee which he might have against Computer City.Computer City immediately assigns the contract rights to Finance USA.The computer stops working within two weeks of the purchase.

• A)This is a valid waiver of defense clause.Jerry signed the contract,so he can't raise a defense to Finance USA.
• B)Finance USA is an intended third party beneficiary and may therefore enforce the contract.
• C)In general,this type of waiver is not permitted in consumer contracts,so Jerry can raise his claim against Finance USA.
• D)This is a delegation of Jerry's duties and the delegator remains liable on the contract unless a novation agreement is made.

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Definitions:

Pay Payroll Liabilities

The process of fulfilling the company's obligation to pay net payroll and associated taxes and benefits as they become due.

Enter Time

The act of recording the amount of time spent on various tasks, often used in professional settings for billing or project management.

Basic Payroll

The foundational aspects of the payroll process, including calculating employee wages, withholding taxes, and recording employee hours.

Assisted Payroll

A service provided by QuickBooks that includes full payroll processing along with professional assistance for tax filings and payments.