Chapter 17 - Third Party Rights Flashcards

1
Q

Alienation

A

In real property, the voluntary transfer of property from one person to another (as opposed to a transfer by operation of law).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Assignee

A

The person to whom contract rights are assigned

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Assignment

A

The act of transferring to another all or part of one’s rights arising under another contract.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Assignor

A

The person who assigns contract rights.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Delegatee

A

One to whom contract duties are delegated by another. called the delegator.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Delegation

A

The transfer of a contractual duty (the delegator) to the third party (the delegatee) is still obliged to perform on the contract should the delegatee fail to perform.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Delegator

A

One who delegates his or her duties under a contract to another, called the delegatee.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Incidental Beneficiary

A

A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Intended Beneficiary

A

A third party for whose benefit a contract is formed; an intended beneficiary can sue the promisor if such a contract is breached.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Obligee

A

One to whom an obligation is owed.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Obligor

A

One who owes an obligation to another.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Privity of Contract

A

The relationship that exists between the promisor and the promisee of a contract.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Third Party Beneficiary

A

One for whose benefit a promise is made in a contract but who is not a party to the contract.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly