Zeta is contracted to perform a violin solo for Pat. Zeta assigns the contract to Roy. Which of the following statements is true about delegation of duty in this case?
A. This is not a valid delegation of Zeta's duty to play because the contract is one in which Zeta's personal skill as a musician is an essential part of the agreement.
B. This is a valid delegation of Zeta's duty as Zeta has entered into a novation with Roy.
C. This is a valid delegation of Zeta's duty because Zeta does not want to play for Pat.
D. This is not a valid delegation of Zeta's duty to play because all delegations must be expressly stated in the assignment contract.
Answer: A
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A. $2100 gain. B. $7000 gain. C. $2100 loss. D. $0 gain or loss. E. $7000 loss.
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The Tavern's secret recipe for its pizza sauce would be considered
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a. Cash dividends b. Stock splits c. Rents d. Royalties