Chapter 16: Third Parties to Contracts Flashcards
Assignment
transfer to a third party of all your remaining rights under a contract
What contractual rights cannot be assigned?
- Personal Rights
- Assignments expressly forbidden by the contract
- Assignment that would materially increase the duty or risk of the other party
“Apartment cannot be subleased to another tenant.”
Assignment expressly forbidden by the contract
Your individual right to attend UMiami as a student
Personal Right
You assign the right of someone to paint your house to your neighbor whose house is 3 times the size of yours which the painter had agreed to; obstructs the painters original duty
Assignment materially increases the duty, risk or burden of the other party
Delegation
transfer to a third party of a contractual obligation
What contractual obligations cannot be delegated?
Personal Obligations
Obligations that are expressly forbidden
Obligations that would materially decrease the risk, duty, or burden upon the obligor
What is the fundamental difference between Assignments and Deligations?
Assignments are the transfer of contractual rights and Delegations are the transfer of contractual obligations/duties