Dwayne and Ewell Enter into a Contract for the Design

question 48

Multiple Choice

Dwayne and Ewell enter into a contract for the design of an addition to Dwayne's house for which he agrees to pay Ewell. Ewell transfers his right to payment under the contract to Flex Construction Company. Flex is

• A) a delegatee.
• B) an assignee.
• C) an obligee.
• D) a prohibitee.

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Definitions:

Specifically Outlined

Described or detailed in a clear and explicit manner, leaving no room for ambiguity.

Acts

Formal decisions, laws, or statutes enacted by a government's legislative body.

Agency Coupled

A principal-agent relationship that cannot be terminated at will by the principal because it includes an interest beneficial to the agent.

Principal

The original amount of money loaned or invested, separate from interest or earnings.