Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. parties to a contract have legal rights and duties

Parties to a contract have legal rights and duties to each other. These rights and...

80.2K

Verified Solution

Question

Accounting

Parties to a contract have legal rights and duties to each other. These rights and duties can be transferred to other parties.

1. Pursuant to the chapter reading, explain how assigning ones right in a contract works and what a third-party beneficiary is.

2. If Bill is hired to build an apartment complex and signs a contract, conditioned on remaining drug free, what type of conditional contract is this? If Bill breaches the contract, why type of damages can the other party recover and what are Bills possible defenses?

3. Research a breach of contract case in the legal database, NEXIS-Uni in the last two years and provide the facts of the case, the parties and their arguments, the issues of law and the holding by the court and reasoning for the decision. Did you agree with the court, why or why not?

THIS IS A LEG565 (COMMERCIAL LAW) QUESTION

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students