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Week 6 Written Assignment

Week 6 Written Assignment

Q Instructions Please answer the following short answer essay questions. Each response should be approximately 500 words, using proper APA format and citation. Each question is worth 25 points. Submit to the corresponding Assignment Folder. 1. Why are leases generally not assignable? Why are insurance contracts not assignable? How is an assignment different than a delegation? 2. What is the difference between legal and equitable remedies? Provide examples of both legal and equitable remedies.

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1. Leases are not assignable in light of the fact that, if an inhabitant needs to escape a rent that isn't lapsed, one of the lawful alternatives is to dole out or move the rent to another person. For instance, in the event that someone signs a business rent for a year and the business quits working following 10 months, that individual can in any case pick not to pay for the excess 2 months by allotting the rent. The archive validating the exchange (from the first occupant to the approaching inhabitant) is called a "Task of Lease Agreement".