At what point are assignments valid quizlet?An assignment becomes valid when the obligor receives notice of the assignment. An assignment must be written and follow all legal formalities.
What is an intended beneficiary of a contract who receives the benefits of the contract as a gift called?A donee beneficiary receives the benefit of a contract between two other parties as a gift from one of the parties to the contract.
Which of the following beneficiaries can enforce the underlying contract quizlet?An intended donee beneficiary may enforce the contract only against the promisor. In some states, the vesting of a third party's rights occurs only when the third party learns of the contract and assents to it.
Which of the following is an intended beneficiary to a contract quizlet?Intended beneficiary: A person who is not a party to a contract but who the contracting parties meant to benefit from the contract and has rights to sue if the contract is not performed.
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