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Four-Square Construction Company enters into a contract with Ben to remodel Carol's Home Store, using products from Delta Building Supplies. Eatery Café is next to Carol's Home Store. The remodeling is a gift from Ben to Carol.

Refer to Fact Pattern 13-1. Delta will realize a profit from the sale of products to Four-Square to remodel Carol's store. Delta is

a delegatee.

an assignee.

an incidental beneficiary.

an intended beneficiary.

Rocko owes Sybil $1,000 for yard work Sybil performed for Rocko. The money is due on May 1. On April 30, Rocko goes to the bank to get the money and discovers that the bank will be closed until May 2. Rocko

will be in breach of contract when he fails to pay Sybil on May 1.

will not be in breach of contract when he fails to pay Sybil on May 1 due to objective impossibility.

is discharged from any contractual liability to Sybil.

will not be in breach of contract when he fails to pay Sybil on May 1 as long as he pays the $1,000 plus ten percent interest on May 2.

Eli owes Martin $10,000. Martin assigns the claim to Jack. Jack does not notify Eli of the assignment. A week later, Martin assigns the same claim to Allen. Allen immediately notifies Eli of the assignment. Jack

has priority to payment in all states.

has priority to payment in states that follow the English rule.

does not have priority to payment in any state.

has priority to payment in most states.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91566205

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