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Essay
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Multiple Choice
A) Al
B) Bob
C) Chuck
D) Al and Bob
E) Bob and Chuck
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Multiple Choice
A) Where the assignor assigns the same debt to two or more persons,if the promisor (debtor) pays out in good faith to the first assignee to give him notice,he has no further obligation.
B) If a promisor (debtor) accidentally pays out to the assignor after receiving notice of the assignment,he is free from any obligation to the assignee; the assignee must look to the assignor for payment.
C) An equitable assignment is easier to enforce than a statutory assignment.
D) An exception to the doctrine of privity of contract is a contract selling a car.
E) Novation refers to the voiding of the original contract and substituting another.
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Multiple Choice
A) The court will find that there is no contract because there is no meeting of the minds.
B) Non est factum
C) Caveat emptor
D) The most reasonable interpretation of the terms
E) The equitable remedy of rectification
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Multiple Choice
A) rescission
B) compensation
C) breach of contract
D) damages
E) the tort of deceit
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Multiple Choice
A) duress.
B) mental incapacity.
C) lack of intention.
D) unconscionability.
E) undue influence.
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True/False
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Multiple Choice
A) Rescission and/or damages
B) Rescission only
C) Damages only
D) Rectification
E) There is no remedy available for fraudulent misrepresentation.
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True/False
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Essay
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Multiple Choice
A) Mr.Zink must pay $2000 to Mr.Pressing on the day that notice was given,because at that time Bruce had done half of the work on the $4000 contract.
B) This assignment is a statutory assignment,not an equitable assignment.
C) This type of assignment is not recognized by the courts because it is an assignment of contractual obligations.
D) Mr.Pressing is entitled to $2000 from Mr.Zink when the contract is completed,if at least that much is owed to Bruce by Zink at that time.
E) If Bruce bungled the assignment and the court determined that nothing was owed to him,Pressing could still get $2000 from Zink.
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True/False
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