LSU BLAW 3201 FRY Final Version A

• | P a g e

LSU BLAW 3201 FRY Final Version A Newest 2025 Complete 100 Questions And Correct Answers (Verified Answers) |Already Graded A+||Brand New!!

Which of the following generally is not grounds for discharge of a contract by operation of law?

• Objective impossibility
• Subsequent illegality
• Running of the statute of limitations
• Bankruptcy - ANSWER-Running of the statute of limitations

The voluntary transfer of a contractual right to a third party is

known as a(n): - ANSWER-assignment

A(n) ____ is a method of discharging a contract in which a third party becomes bound upon a promise to the obligee. - ANSWER-novation

• / 4

• | P a g e

A(n) ____ is a third party who obtains possible benefits but no rights under a contract. - ANSWER-incidental beneficiary

A(n) ____ is an intended beneficiary of a contract who receives the benefits of the contract as a gift. - ANSWER-donee beneficiary

Anita owes Brad $75,000. Brad signs a written statement granting Glen a gratuitous assignment of his rights from Anita.Brad delivers the signed statement to Glen before Brad dies.

• The delivery of the statement makes the assignment

irrevocable.

• The assignment is terminated upon Brad's death.
• The signing of the statement makes the assignment

irrevocable.

• The assignment is invalid, because it is revocable. -

ANSWER-The delivery of the statement makes the assignment irrevocable.

Which of the following duties would not be delegable?

• John has a contractual duty to pay Isaac $50.
• Karl has a contractual duty to deliver 50 bushels of corn to

Michael by October 1. 2 / 4

• | P a g e

• Jeffrey has a duty to mow Georgia's lawn at least once a week.
• Arthur has a duty to teach an accounting class at a community

college during the fall semester. - ANSWER-Arthur has a duty to teach an accounting class at a community college during the fall semester.

Theresa has a contract to teach eighth grade at Washington Middle School. She decided she could make more money writing a book, so she assigns her teaching contract to her friend, Stephanie, who is also a licensed teacher.

• The duties under the teaching contract are nondelegable.
• The duties which Theresa has attempted to delegate are

personal in nature.

• If the school district agrees to accept Stephanie's services, a

novation would occur, which would relieve Theresa of her obligation to the school district.

• All of the above are correct. - ANSWER-all of the above

Annette entered into a contract with a local truck dealer to have a new truck delivered to her daughter, Sue, as a graduation

present. In this contract, Sue is: - ANSWER-donee beneficiary

• / 4

• | P a g e

Professor Dought has a life insurance policy on his own life that provides that in the event of his death, his mother will receive

the proceeds. Professor Dought's mother is a(n): - ANSWER-

donee beneficiary

Bill wants to buy a new car. He goes to the bank to get a loan for the purchase, and signs an agreement to pay $10.00 per month in premiums on a term life insurance policy which names the bank as the recipient of the policy proceeds in the event of his death

before the loan is repaid. The bank is a(n): - ANSWER-creditor

beneficiary

Betty owes Agatha $1,000. On March 1 Agatha, for value, assigned the debt to Clara. Thereafter, on March 30 Agatha assigned the same right to Diane.

• Under the American rule, Clara will prevail over Diane.
• Under the English rule, the first assignee to notify Betty will

prevail.

• Under the Restatement rule, the first assignee to notify Betty

will prevail.

• Both (a) and (b) are correct. - ANSWER-Both (a) and (b) are

correct.

• / 4