Business Law Text
Quiz 16: Third Party Rights
An "Assignment of All Rights" Creates an Assignment of Rights
An "assignment of all rights" creates an assignment of rights but not a delegation of duties.
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An intended beneficiary can sue directly to enforce a promisor's promise.
The rights of a third party beneficiary under a contract vest if the third party materially changes his or her position in justifiable reliance on the promise.
An intended third party beneficiary cannot enforce the contract against the original parties once the rights of the third party have vested.
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