Question: Once a contract has been formed, under certain circumstances, a ________ (someone who is not a party to the contract) may have a right to

  1. Once a contract has been formed, under certain circumstances, a ________ (someone who is not a party to the contract) may have a right to enforce it.
  2. The parties to a contract are sometimes referred to as the first party or the second party. Someone who is a nonparty may be referred to as a _____ party.
  3. Third parties may have rights under a contract if the contracting parties ________ to benefit them.
  4. A nonparty whom the parties intended to benefit under a contract is a third party ___________.
  5. An __________ beneficiary is someone the parties did not intend to benefit under their contract.
  6. A third party beneficiary may have the right to sue to ______ a party to fulfill its contractual obligations.
  7. Another way a third party may have rights is by __________.
  8. A party who assigns his or her rights under a contract to someone else is the ________.
  9. A party may generally transfer ______ under a contract to someone else as long as the transfer is not prohibited and does not substantially change or increase the other party's obligations under the contract.
  10. The ability of parties to transfer their contractual ______ is more limited than the ability to assign rights.
  11. Transfer of contractual duties is referred to as __________ .
  12. An ________ is a nonparty to whom a party assigns rights under a contract.
  13. After a contract is properly formed, performance may not yet be required if it is subject to __________.
  14. If circumstances beyond the control of a party make it impossible for the party to fulfill its obligations under a contract, the party's performance may be excused on the basis of _____________.
  15. When a party's duty to fulfill its obligations under a contract is excused or terminated, the party is said to be __________ from its contractual duties.
  16. In some cases, instead of perfect performance, a party may be discharged by substantial __________.
  17. If one party has ________ a contract, the other party's duty to perform will be discharged.
  18. If a condition to a party's performance has not been _________, the party may be discharged.
  19. In some cases, the parties may negotiate a ______ of an unsatisfied condition to complete a contract.
  20. Contractual duties may be discharged by mutual _________ between the parties.
  21. Ritchie says the vast majority of contracts are discharged by full ___________ by all parties.

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ANSWER CHOICES:

AGREEMENT ASSIGNEE ASSIGNMENT ASSIGNOR BENEFICIARY BREACHED COMPEL COMPLETION CONDITIONS DELEGATION DISCHARGED DUTIES IMPOSSIBILITY INCIDENTAL INTENDED NONPARTY PERFORMANCE RIGHTS SATISFIED THIRD WAIVER

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