Question

Question 1 2 pts Questio Questio Questio Time Running: Attempt due: Sep 20 1 Hour, 21 Minu Debbie Debtor owed three debts to Carl Creditor, totaling $15.000. The first debt was $3,000, the second debt was $5,000, and the third debt was $7.000. Debbie needed to obtain additional gadgets from Carl and paid him $3,000 for them. Debbie also paid Carl an additional $6,000 by check, specifying that it should be applied towards the third debt. Carl accepted the check and applied the money towards the first and part of the second debt. Carl was not obligated to follow Debbie's orders and could apply the payment to the debts he wanted True False

Answer 1

1) True ,Because as Debbie had his old debts to be cleared for 3,000 and 5,000 Carl did not have any consideration to follow the orders of Debbie and clear the third debt instead , he cleared the first debt amount and part of the second debt amount.

2) Lose because she was not part of the contract at the time it was made . Because there is no agreement between Sheldon and Penny. The contract was between Sheldon and Lenny.

4) A condition precedent is the correct option because Bill has announced a condition before the gun shooting between jesse james and wild Bill Hickok.

6)Incidental beneficiary is correct because Carla clumsy was a visitor and entitled to get a claim as a third party.

7) False because the debts should be cleared in a chronological order i.e the first debt of 3,000 first the second and third debts to be cleared.

8)Third party intended creditor beneficiary because penny is not a contract party. Lenny endorsed penny to sheldon to get the remaining amount of 4,000 from him.Here penny is the third party.

9)True because while making contract itself there will be two parties i.e proposer and acceptee.When contract comes into existence some of the parties enter into that contract by default.