When Contract Terms Prohibiting the Assignment of Rights Exist, Most

question 46

Multiple Choice

When contract terms prohibiting the assignment of rights exist, most courts will:

• A) strictly construe them.
• B) interpret a general term prohibiting assignments as a mere promise not to assign.
• C) award the obligor a right to damages for the breach of the terms forbidding the assignment.
• D) All of these.

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Definitions:

Premium-priced Automobile

Vehicles sold at a price above the average market rate due to their perceived quality, brand prestige, luxury, or performance features.

Niche Positioning

The strategy of targeting a specific, often small, segment of the market with tailored products or services, aiming to meet unique needs or preferences.

Extreme Sports Themes

The incorporation of extreme sports elements into various contexts, like marketing, to appeal to audiences interested in high-risk activities.

Positioning Statement

A brief description of a product or service and its value proposition, targeted to a specific audience to differentiate it from competitors.