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LSU BLAW 3201 FRY Final Version A
Newest 2025 Complete 100 Questions And
Correct Answers (Verified Answers) |Already
Graded A+||Brand New!!
Which of the following generally is not grounds for discharge of
a contract by operation of law?
a. Objective impossibility
b. Subsequent illegality
c. Running of the statute of limitations
d. Bankruptcy - ANSWER-Running of the statute of limitations
The voluntary transfer of a contractual right to a third party is
known as a(n): - ANSWER-assignment
A(n) ____ is a method of discharging a contract in which a third
party becomes bound upon a promise to the obligee. -
ANSWER-novation
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A(n) ____ is a third party who obtains possible benefits but no
rights under a contract. - ANSWER-incidental beneficiary
A(n) ____ is an intended beneficiary of a contract who receives
the benefits of the contract as a gift. - ANSWER-donee
beneficiary
Anita owes Brad $75,000. Brad signs a written statement
granting Glen a gratuitous assignment of his rights from Anita.
Brad delivers the signed statement to Glen before Brad dies.
a. The delivery of the statement makes the assignment
irrevocable.
b. The assignment is terminated upon Brad's death.
c. The signing of the statement makes the assignment
irrevocable.
d. The assignment is invalid, because it is revocable. -
ANSWER-The delivery of the statement makes the assignment
irrevocable.
Which of the following duties would not be delegable?
a. John has a contractual duty to pay Isaac $50.
b. Karl has a contractual duty to deliver 50 bushels of corn to
Michael by October 1.
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c. Jeffrey has a duty to mow Georgia's lawn at least once a week.
d. Arthur has a duty to teach an accounting class at a community
college during the fall semester. - ANSWER-Arthur has a duty
to teach an accounting class at a community college during the
fall semester.
Theresa has a contract to teach eighth grade at Washington
Middle School. She decided she could make more money
writing a book, so she assigns her teaching contract to her
friend, Stephanie, who is also a licensed teacher.
a. The duties under the teaching contract are nondelegable.
b. The duties which Theresa has attempted to delegate are
personal in nature.
c. If the school district agrees to accept Stephanie's services, a
novation would occur, which would relieve Theresa of her
obligation to the school district.
d. All of the above are correct. - ANSWER-all of the above
Annette entered into a contract with a local truck dealer to have
a new truck delivered to her daughter, Sue, as a graduation
present. In this contract, Sue is: - ANSWER-donee beneficiary
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Professor Dought has a life insurance policy on his own life that
provides that in the event of his death, his mother will receive
the proceeds. Professor Dought's mother is a(n): - ANSWER-
donee beneficiary
Bill wants to buy a new car. He goes to the bank to get a loan for
the purchase, and signs an agreement to pay $10.00 per month in
premiums on a term life insurance policy which names the bank
as the recipient of the policy proceeds in the event of his death
before the loan is repaid. The bank is a(n): - ANSWER-creditor
beneficiary
Betty owes Agatha $1,000. On March 1 Agatha, for value,
assigned the debt to Clara. Thereafter, on March 30 Agatha
assigned the same right to Diane.
a. Under the American rule, Clara will prevail over Diane.
b. Under the English rule, the first assignee to notify Betty will
prevail.
c. Under the Restatement rule, the first assignee to notify Betty
will prevail.
d. Both (a) and (b) are correct. - ANSWER-Both (a) and (b) are
correct.
LSU BLAW 3201 FRY Final Version A
Newest 2025 Complete 100 Questions And
Correct Answers (Verified Answers) |Already
Graded A+||Brand New!!
Which of the following generally is not grounds for discharge of
a contract by operation of law?
a. Objective impossibility
b. Subsequent illegality
c. Running of the statute of limitations
d. Bankruptcy - ANSWER-Running of the statute of limitations
The voluntary transfer of a contractual right to a third party is
known as a(n): - ANSWER-assignment
A(n) ____ is a method of discharging a contract in which a third
party becomes bound upon a promise to the obligee. -
ANSWER-novation
,2|Page
A(n) ____ is a third party who obtains possible benefits but no
rights under a contract. - ANSWER-incidental beneficiary
A(n) ____ is an intended beneficiary of a contract who receives
the benefits of the contract as a gift. - ANSWER-donee
beneficiary
Anita owes Brad $75,000. Brad signs a written statement
granting Glen a gratuitous assignment of his rights from Anita.
Brad delivers the signed statement to Glen before Brad dies.
a. The delivery of the statement makes the assignment
irrevocable.
b. The assignment is terminated upon Brad's death.
c. The signing of the statement makes the assignment
irrevocable.
d. The assignment is invalid, because it is revocable. -
ANSWER-The delivery of the statement makes the assignment
irrevocable.
Which of the following duties would not be delegable?
a. John has a contractual duty to pay Isaac $50.
b. Karl has a contractual duty to deliver 50 bushels of corn to
Michael by October 1.
,3|Page
c. Jeffrey has a duty to mow Georgia's lawn at least once a week.
d. Arthur has a duty to teach an accounting class at a community
college during the fall semester. - ANSWER-Arthur has a duty
to teach an accounting class at a community college during the
fall semester.
Theresa has a contract to teach eighth grade at Washington
Middle School. She decided she could make more money
writing a book, so she assigns her teaching contract to her
friend, Stephanie, who is also a licensed teacher.
a. The duties under the teaching contract are nondelegable.
b. The duties which Theresa has attempted to delegate are
personal in nature.
c. If the school district agrees to accept Stephanie's services, a
novation would occur, which would relieve Theresa of her
obligation to the school district.
d. All of the above are correct. - ANSWER-all of the above
Annette entered into a contract with a local truck dealer to have
a new truck delivered to her daughter, Sue, as a graduation
present. In this contract, Sue is: - ANSWER-donee beneficiary
, 4|Page
Professor Dought has a life insurance policy on his own life that
provides that in the event of his death, his mother will receive
the proceeds. Professor Dought's mother is a(n): - ANSWER-
donee beneficiary
Bill wants to buy a new car. He goes to the bank to get a loan for
the purchase, and signs an agreement to pay $10.00 per month in
premiums on a term life insurance policy which names the bank
as the recipient of the policy proceeds in the event of his death
before the loan is repaid. The bank is a(n): - ANSWER-creditor
beneficiary
Betty owes Agatha $1,000. On March 1 Agatha, for value,
assigned the debt to Clara. Thereafter, on March 30 Agatha
assigned the same right to Diane.
a. Under the American rule, Clara will prevail over Diane.
b. Under the English rule, the first assignee to notify Betty will
prevail.
c. Under the Restatement rule, the first assignee to notify Betty
will prevail.
d. Both (a) and (b) are correct. - ANSWER-Both (a) and (b) are
correct.
