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LSU BLAW 3201 FRY FINAL VERSION A NEWEST 2025/2026
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
What does it mean to "assign a contract"? - ANSWER-The term "
assign a contract" is frequently used to include both the transfer
of contractual rights and the transfer of contractual duties.
What is a third-party beneficiary? - ANSWER-a third party
beneficiary is one who benefits from a promise made in a contract
but who is not a party to the contract.
Intended Beneficiary: - ANSWER-an intended beneficiary is a
third party intended by the two contracting parties to receive a
benefit from their contract.
-may be done or creditor beneficiary
- may sue to enforce rights under the contract.
incidental beneficiary: - ANSWER-an incidental beneficiary is a
third party whom the two parties to a contract did not intend to
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benefit by their contract, but who nevertheless will receive a
benefit from the contract.
Creditor Beneficiary - ANSWER-is an intended beneficiary who is
a creditor of the promise.
Give an example of an assignment of rights and explain the
relationship of the parties: - ANSWER-- an assignment of rights is
the voluntary transfer to a third party of rights arising from a
contract.
Example:
Ann promises to sell Bart an automobile for which Bart promises
to pay $10,000 in monthly installments over the next three years.
ANN'S RIGHT under the contract is to receive payment from Bart,
whereas ANN'S DUTY is to deliver the automobile.
Novation - ANSWER-A three-way agreement in which the obligor
transfers all rights and duties to a third party. A new contract is
created with the same terms as the original one; only the parties
have changed
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Delegation of Duties: Federal Ins. Co. v. Winters - ANSWER-- the
defendant hired someone else to fix to roof leakage
- the newly hired worker used a propane torch which caused a fire
and the amount of damages of $871,069
- The insurance company sued the defendant
- The defendent filed a motion for summary judgement, asserting
that because he had subcontracted the work, he could not be held
liable.
- because of the defendant's contract with the Emerson's, he may
be held liable for the damages caused by the act of the Jacobs
(subcontractor)
Intended Beneficiary: Stine v. Stewart - ANSWER-- Mary Stine
loaned $100,000 to her daughter and son-in-law to buy a new
home
- The Stewarts paid $50,000 but still owed $50,000 plus interest
to Stine
- They divorced, Stewart sold house for 125,000.
-Stine sued Stewart for breach of contract
LSU BLAW 3201 FRY FINAL VERSION A NEWEST 2025/2026
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
What does it mean to "assign a contract"? - ANSWER-The term "
assign a contract" is frequently used to include both the transfer
of contractual rights and the transfer of contractual duties.
What is a third-party beneficiary? - ANSWER-a third party
beneficiary is one who benefits from a promise made in a contract
but who is not a party to the contract.
Intended Beneficiary: - ANSWER-an intended beneficiary is a
third party intended by the two contracting parties to receive a
benefit from their contract.
-may be done or creditor beneficiary
- may sue to enforce rights under the contract.
incidental beneficiary: - ANSWER-an incidental beneficiary is a
third party whom the two parties to a contract did not intend to
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benefit by their contract, but who nevertheless will receive a
benefit from the contract.
Creditor Beneficiary - ANSWER-is an intended beneficiary who is
a creditor of the promise.
Give an example of an assignment of rights and explain the
relationship of the parties: - ANSWER-- an assignment of rights is
the voluntary transfer to a third party of rights arising from a
contract.
Example:
Ann promises to sell Bart an automobile for which Bart promises
to pay $10,000 in monthly installments over the next three years.
ANN'S RIGHT under the contract is to receive payment from Bart,
whereas ANN'S DUTY is to deliver the automobile.
Novation - ANSWER-A three-way agreement in which the obligor
transfers all rights and duties to a third party. A new contract is
created with the same terms as the original one; only the parties
have changed
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Delegation of Duties: Federal Ins. Co. v. Winters - ANSWER-- the
defendant hired someone else to fix to roof leakage
- the newly hired worker used a propane torch which caused a fire
and the amount of damages of $871,069
- The insurance company sued the defendant
- The defendent filed a motion for summary judgement, asserting
that because he had subcontracted the work, he could not be held
liable.
- because of the defendant's contract with the Emerson's, he may
be held liable for the damages caused by the act of the Jacobs
(subcontractor)
Intended Beneficiary: Stine v. Stewart - ANSWER-- Mary Stine
loaned $100,000 to her daughter and son-in-law to buy a new
home
- The Stewarts paid $50,000 but still owed $50,000 plus interest
to Stine
- They divorced, Stewart sold house for 125,000.
-Stine sued Stewart for breach of contract
