A professor owned a home next door to a very dilapidated, neglected home. John Cataldo purchased the home next door and made a contract with Wizard Home Improvements for a complete renovation of the property. The professor was delighted because the improvement of the Cataldo home was upgrading the neighborhood and raising the value of the professor's home.?After making the last required payment on the contract, John Cataldo became seriously ill and ultimately was taken to a nursing home for care.?When Wizard learned of Cataldo's illness and confinement, Wizard ceased work on the Cataldo home. Because the outside renovation work had not been completed, the premises began to return to its former rundown condition. The professor ultimately sued Wizard as a third-party beneficiary of the contract between Cataldo and Wizard. What is the probable outcome of the lawsuit?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q40: A life insurance contract is a third-party:
A)
Q41: An assignment is valid only if:
A) it
Q42: Walker Meeks is currently a party to
Q43: Which of the following duties would most
Q44: The substitution of an old contract for
Q45: Unless language or circumstances indicate the contrary,
Q47: The making of an assignment _ the
Q48: Janet Jones sold the assets and liabilities
Q49: The delegator of construction duties remains liable
Q50: An obligor may delegate his or her
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents