What is vesting of rights?
A) Surrender by a party of legal rights otherwise available to him or her
B) The time at which the benefit of a contract is fixed in the beneficiary
C) An assignee taking equal rights as his assignor
D) The right or duty of a particular person to perform or receive contract duties or benefits
E) A new contract substituting for an old one, or a new party to a contract replacing a former party
Correct Answer:
Verified
Q32: Naomi sells her car to Jack, who
Q33: An incidental beneficiary is:
A) the intended beneficiary.
B)
Q34: The surrender by a party of legal
Q35: A contract term barring the contract's assignment
Q36: Buyer bought a backhoe from Seller under
Q38: What is an assignor's warranty?
A) The right
Q39: A factor is a person:
A) not a
Q40: Who is a delegatee?
A) An obligator who
Q41: What is a waiver of defenses?
Q42: Ian, a carpenter, repaired Sally's deck and
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