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Multiple Choice Quiz
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1
Both parties to a contract are __________, contractual parties who agree to do something for the other party, and __________, contractual parties who agree to receive something from the other party.
A)Obligors; obligees
B)Obligees; obligors
C)Consignors; consignees
D)Consignees; consignors
2
A person who transfers his or her contractual rights to a third party is an __________, while the third party who receives these contractual rights is an __________.
A)Obligor; obligee
B)Obligee; obligor
C)Assignor; assignee
D)Assignee; assignor
3
A(n) __________ occurs when a party to a contract, the __________, transfers his or her duty to perform to a third party, the __________, who is not part of the original contract.
A)Assignment; assignor; assignee
B)Assignment; assignee; assignor
C)Delegation; delegator; delegatee
D)Delegation; delegatee; delegator
4
Which of the following duties cannot be delegated?
A)Duties that are non-personal in nature
B)Duties that are personal in nature
C)Duties in contracts that forbid delegation
D)B. and C.
5
A(n) __________ is created when two parties enter into a contract with the intended end purpose of benefiting a third party.
A)Incidental beneficiary
B)Consequential beneficiary
C)Third-party beneficiary
D)Gratuitous beneficiary
6
A(n) __________ beneficiary is a third party that benefits from a contract in which the promisor agrees to pay the promisee's debt.
A)Incidental
B)Creditor
C)Gratuitous
D)Consequential
7
A(n) __________ beneficiary is a third party who benefits from a contract in which a promisor agrees to give a gift to the third party.
A)Donee
B)Incidental
C)Consequential
D)Creditor
8
__________ of rights refers to the maturing of rights such that a party can legally act on the rights.
A)Vesting
B)Vacating
C)Diminution
D)Transfer
9
A(n) __________ beneficiary is one who unintentionally gains a benefit from a contract between other parties.
A)Incidental
B)Third party
C)Circumstantial
D)Direct
10
__________ beneficiaries cannot sue to enforce contract obligations.
A)Third party
B)Incidental
C)Direct
D)Intended





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