Joy and Kris Enter into a Contract for Kris to Lay

question 8

Multiple Choice

Joy and Kris enter into a contract for Kris to lay sod in Joy's yard for which she agrees to pay Kris. When Kris's schedule conflicts, she contacts Leza, to whom Kris "assigns all rights under the contract." Kris is​

• A) absolved of any liability under the contract.​
• B) ​liable to Joy for breach of contract.
• C) ​liable to Joy if Leza does not perform.
• D) ​liable to Leza for inducing a prohibited contract.

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Definitions:

Employer's Contribution

The amounts paid by an employer towards employee benefits, such as pension plans, health insurance, and social security.

Distributions to Retirees

Payments made from a pension, retirement plan, or profit-sharing plan to retired employees or beneficiaries.

Marginal Tax Rates

The percentage of tax applied to an individual's or entity’s income for every additional dollar earned, indicating the rate at which the next dollar of taxable income will be taxed.

Short-term Pension Risk Ratio

A measure assessing the risk associated with a pension plan's ability to meet its short-term obligations.