Question: 1. List and explain the circumstances that can excuse performance of a contract. 2. What is the difference between strict performance and substantial performance? 3.

1. List and explain the circumstances that can excuse performance of a contract.

2. What is the difference between strict performance and substantial performance?

3. Explain the concept of a contract assignment and the consequences of an assignment.

4. Explain the concept of a contract delegation and the consequences of a delegation.

5. Explain the concept of third-party beneficiary and distinguish among the three kinds of third-party beneficiaries.

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