Ask Question
14 March, 21:43

Bill and Charlene enter into a contract for the clearing, plowing, and preparing of Charlene's 100-acre tract for which she agrees to pay $1,000. Bill transfers his duty under this contract to Dewey. With respect to the duties under the original contract, this transfer

a. extinguishes Bill's obligation to perform.

b. does not relieve Bill of the potential obligation to perform.

c. requires a special form to constitute a valid transfer.

d. is an invalid transfer of a non-transferable obligation.

+4
Answers (1)
  1. 15 March, 00:40
    0
    b. does not relieve Bill of the potential obligation to perform.

    Explanation:

    An obligation is a legal bond (vinculum iuris) by which one or more parties (obligants) are bound to act or refrain from acting.

    An obligation thus imposes on the obligor a duty to perform, and simultaneously creates a corresponding right to demand performance by the obligee to whom performance is to be tendered
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bill and Charlene enter into a contract for the clearing, plowing, and preparing of Charlene's 100-acre tract for which she agrees to pay ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers