Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.

1. Third-Party Beneficiary. Do you think a third-party beneficiary should be required to sign a contract as one of the parties involved?

2. Incidenal Beneficiary. Should an incidental beneficiary to a contract have any legal recourse if the contract is terminated?

3. Personal-Service Contract. Under what circumstances could be duties under a personal-service contract be delegated?

4. Novation. What are some advantages of using a novation over a contract assignment?

5. A Question of Ethics. Under the law, a bankrupt person is allowed to retain certain property---including his or her residence. Is it ethical for a bankrupt person to use the law to avoid payment on his or her legitimate debts and still retain some, often valuable, property?