Business Law Chapter 11-Breach of Contracts

? _ is the legal transfer of contractual rights.

• alteration
• discharge
• assignment

A person who owes a duty under a contract is a(n) ? _

• third-party beneficiary
• obligor
• assignment

? _ is the fulfillment of contractual promises.

• performance
• assignment
• tender

A(n) ? _ specifies an event that must not happen.

• breach of contract
• alteration
• condition negative

A failure to provide complete performance of a contract is a(n) _ ? _.

• performance
• breach of contract
• discharge

A material change in the terms of a written contract without the other party’s consent is a(n) ____?____. 

• alteration
• assignment
• discharge

? _ is a termination of duties when all parties have performed as promised.

• tender
• discharge
• performance

A(n) ? _ is a ready, willing, and able offer to perform an obligation.

• alteration
• tender
• performance

? _ are those who, though not a party to the contract, were intended to directly benefit from it. 

• third-party benficiary
• obligor
• tender

The actual performance of a new contractual obligation is called a(n) ____?_____.

• discharge
• alteration
• satisfaction