Carl, a Contractor, and Lyle, a Landowner, Have a Contract

question 65

Multiple Choice

Carl, a contractor, and Lyle, a landowner, have a contract whereby Carl is to perform routine construction services according to the blueprints that Lyle has provided. Carl assigns the contract to David, a developer. As a result of this assignment:

• A) Lyle can bring suit based upon detrimental reliance.
• B) Carl has no more rights or responsibilities with regard to the contract.
• C) Carl no longer has any rights under the contract, but he remains responsible for the duties he agreed to perform.
• D) Carl has all of his rights under the contract, but he has no responsibility for the performance of the duties.

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Definitions:

Interval

A range between two numbers or points, often used to specify a period of time or a statistical range.

Standard Normal Distribution

A specific probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Z-score

A metric that depicts how far a certain value stands from the mean of a collection of values, using the unit of standard deviations for measurement.

First Quartile

The value below which 25% of the data falls, marking the lower quarter of a data set.