Assignment And Delegation

Question 1

What is the difference between assignment/delegation and a 3PB?

Answer 1

Time. Assignment occurs after the contract is concluded

Question 2

Assignment defined

Answer 2

Transfer of rights

Question 3

True or False: Almost all rights are assignable

Answer 3

True

Question 4

Delegation defined

Answer 4

Transfer of duties and obligations

Question 5

True or False: obligations are generally delegable

Answer 5

Generally true. However, a certain duties are non-delegable

Question 6

In what situations is an assignment not allowed

Answer 6

1) materially increases duty or risk of obligor OR

2) materially reduces the obligor’s chance of obtaining performance

Question 7

— — — may not have the rights assigned

Answer 7

Personal service contracts

Question 8

True or False: output and requirements contracts are assignable

Answer 8

False

Question 9

What is required for an assignment?

Answer 9

Present intent to transfer right

Question 10

True or False: an assignment requires the use of the word assign

Answer 10

False

Question 11

An assignment is — if made for —

Answer 11

Irrevocable
Consideration