Which of the Following Is True with Regard to the Law

question 80

Multiple Choice

Which of the following is true with regard to the law of contracts?

• A) Assignments are modifications of the Privity of Contract Rule, since they do allow a one person to take over the obligations of another.
• B) An employee sent by his employer to do a routine job for one of the employer's customers is in a contractual relationship with the customer.
• 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 assignor for value of a negotiable instrument may acquire better rights than the assignee has.

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Definitions:

Personal Influence

indicates the effect an individual's characteristics, behaviors, or opinions have on others' attitudes or actions.

Word-of-Mouth

A form of marketing where information about products or services is transmitted from one person to another through verbal or written recommendations.

Countervailing Duties

Tariffs levied on imported goods to offset subsidies made to producers of these goods in their home countries.

General Agreement

A broad contract or understanding between parties that outlines the terms and conditions of their relationship or agreement.