LSU BLAW 3201 FRY Final Exam Bundle 2025: Questions & Verified Answers

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LSU BLAW 3201 FRY Final Version A Newest 2025
Complete 100 Questions And Correct Answers
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The obligation to perform to a party. - . . ANSWER ✔
✔delegation transfers


Voluntary transfer to a third party of the rights arising
from a contract so that the assignor's rights to
performance are extinguished. - . . ANSWER ✔
✔assignment of rights


Party making an assignment; handing off the contractual
rights. - . . ANSWER ✔ ✔assignor


Party to whom contract rights are assigned. - . . ANSWER
✔ ✔assignee


The party owing a duty to the assignor under the original
contract, the person who must perform. - . . ANSWER ✔
✔obligor

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The party to whom a duty of performance is owed under a
contract. - . . ANSWER ✔ ✔obligee


Law governing assignments is primarily under
___________. - . . ANSWER ✔ ✔Article 2 of the UCC


Requirements of an assignment include _______ but not
_______. - . . ANSWER ✔ ✔intent; consideration


When the assignee gives consideration, the assignor may
not revoke the assignment without the assignee's consent.
- . . ANSWER ✔ ✔revocability of assignment


Transfer of a portion of contractual rights to one or more
assignees. - . . ANSWER ✔ ✔partial assignment


Most contract rights are assignable, except? - . . ANSWER
✔ ✔1. Assignments that materially increase the duty, risk,
or burden upon the obligor.
2. Assignments of personal rights.
3. Assignments expressly forbidden by the contract.

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4. Assignments prohibited by law.


Rights That Are Not Assignable: Personal Rights: In Re
Magness: Why did the trustee in bankruptcy want to
assign the golf memeberships? - . . ANSWER ✔ ✔The
trustee sought to assign the golf memberships to recover
value for the bankruptcy estate by selling them to
members on the waiting list, other members, or the
general public.


Rights That Are Not Assignable: Personal Rights: What
did the bankruptcy court decide regarding the assignment
of the golf memberships? - . . ANSWER ✔ ✔The
bankruptcy court found that the club's rules functioned as
anti-assignment provisions and ruled that the trustee
could not assign the memberships.


Rights That Are Not Assignable: Personal Rights: How did
the district court view the nature of the contract between
the club and its golfing members? - . . ANSWER ✔ ✔The
district court saw the contract as a personal, non-
commercial agreement, not a lease, involving social and
recreational relationships.

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Rights That Are Not Assignable: Personal Rights: What is
the significance of the waiting list in the court's decision? -
. . ANSWER ✔ ✔The waiting list represented individuals
with contractual expectations and financial investments
based on a defined selection process, which would be
undermined by allowing the trustee to assign
memberships.


Rights That Are Not Assignable: Personal Rights: Why did
the court refer to the contract as a "personal contract"? - . .
ANSWER ✔ ✔Because the membership involved personal
relationships and activities (like golfing and socializing),
under Ohio law, such contracts are not assignable without
consent due to the importance of the individuals involved.


Rights That Are Not Assignable: Personal Rights: Could
the trustee assign the golf memberships if the club had
consented? - . . ANSWER ✔ ✔Potentially yes, because
personal contracts can sometimes be assigned with the
consent of all involved parties. In this case, the club did
not consent.


Rights That Are Not Assignable: Personal Rights: What
legal principle did the court apply in denying the trustee's