For a Price, Ray Agrees to Unload Trucks That Make

question 66

Multiple Choice

For a price, Ray agrees to unload trucks that make deliveries to Shoppers Warehouse. Ray delegates this duty to Tim, who then owes performance of the duty to the warehouse. Ray is

• A)the obligor.
• B)a third party beneficiary.
• C)the obligee.
• D)the delegatee.

---

Definitions:

Breach of Contract

The failure to fulfill the terms or obligations outlined in a contract.

Fraud in the Inducement

A deceitful practice to mislead someone into entering a contract, undermining the agreement's legitimacy.

Indorsers

Individuals or entities that sign the back of a negotiable instrument, such as a cheque or a promissory note, thereby endorsing it to another party.

Dishonor

To refuse to accept or pay a negotiable instrument when it is presented.