With Regard to the Law Governing Privity of Contract and Assignment

question 157

Multiple Choice

With regard to the law governing privity of contract and assignment, which of the following is false?

• A)Assignments are modifications of the privity of contract rule since they do allow a stranger to contract to receive benefits from the contract.
• B)Novation refers to the ending of the original contract and entering into a new contract with changes in terms, such as substituting one party for another.
• C)A statutory assignment is easier to enforce than an equitable assignment.
• D)A party to a contract for services can assign both his contractual obligations and his contractual rights.
• E)The privity of contract rule states that only the parties to the contract have rights and obligations under the contract.

Recognize the criteria for evaluating integrative negotiation solutions.

Understand the necessity of meeting the interests and needs of all parties involved.

Identify the most challenging aspects of the integrative negotiation process.

Manage the dynamics and phases of negotiation for successful outcomes.

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Definitions:

Title Deeds

Legal documents proving ownership of property or land.

Acceptance

In contract law, it is the expression of assent to the terms of an offer in such a manner that binds both the offeror and offeree to a contract.

Legal Power

The authority granted by law to individuals or entities to carry out legal actions.

Grumbling Acceptance

An acceptance of a situation or outcome with complaints or signs of unhappiness.