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CHAPTER 20: CONTRACT RIGHTS OF THIRD PARTIES

CHAPTER 20: CONTRACT RIGHTS OF THIRD PARTIES. CHAPTER 20: CONTRACT RIGHTS OF THIRD PARTIES. Learning Objectives: Contracts for Benefit of Third Parties Assignments: Rights Duties Novation. CONTRACTS FOR BENEFIT OF THIRD PARTIES. Nature of Third-Party Beneficiary Contracts

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CHAPTER 20: CONTRACT RIGHTS OF THIRD PARTIES

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  1. CHAPTER 20: CONTRACT RIGHTS OF THIRD PARTIES

  2. CHAPTER 20: CONTRACT RIGHTS OF THIRD PARTIES Learning Objectives: Contracts for Benefit of Third Parties Assignments: Rights Duties Novation Chapter 20

  3. CONTRACTS FOR BENEFIT OF THIRD PARTIES • Nature of Third-Party Beneficiary Contracts • Donee-Beneficiary • Creditor-Beneficiary • Incidental vs. Intended Beneficiary Chapter 20

  4. ASSIGNMENTS • Terminology • Obligor • Obligee • Rights • Duties • Assignor • Assignee Chapter 20

  5. ASSIGNMENTS • Terminology • General Principles • Role of Consent • Rule: Not needed • Exceptions • Code position • Antiassignment Clauses Chapter 20

  6. ASSIGNMENTS • Terminology • General Principles • Role of Consent • Claims for Money • Rights of Assignee • Duties of the Parties • Notice of Assignment Chapter 20

  7. NOVATION • Definition: Substitute one party for another…thereby creating a new contract. • Application • One party dismissed from obligation • Required: All parties consent Chapter 20

  8. CHAPTER 20: CONTRACT RIGHTS OF THIRD PARTIES

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