LSB 3213 Exam 4 Questions and Correct Verified Answers Latest Version
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Course
LSB 3213
Institution
LSB 3213
A condition precedent must be met before a party's performance can be
required.
True
A party normally satisfies its duties under a contract by novation.
False
Complete performance occurs when conditions in a contract are
fully satisfied.
Performance that provides a party with most of the...
Mona and Nero want to discharge their contract by executing and
performing a new agreement. They can best accomplish this by
✓ accord and satisfaction.
The assignment of same contract right to two different parties result in their
"splitting the difference."
✓ False
Musical Production Company and Nora enter into a contract for Nora to write
six songd for which Musical agrees to pay her. Nora transfers her right to
payment under the contract to Omni Entertainment Agency. Nora is
✓ an assignor
An incidental benificiary is not entitled to enforce the promise of a promisor.
✓ True
Reba and Sly enter into a contract by which Reba promises to deliver newly
printed marketing brochures to Sly. Reba later transfers her duty under the
contract to Troy. Reba is
Master01 | September, 2024/2025 | Latest update
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