What is required for a right under a contract to be uniquely personal?

Study for the Business Senior Exam. Use flashcards and multiple-choice questions with hints and explanations. Prepare confidently!

A right under a contract is considered uniquely personal when it cannot be transferred to another party. This characteristic distinguishes such rights from those that can be assigned or delegated, highlighting their intimate connection to the individual holding them. For example, certain rights may stem from personal capabilities, experiences, or relationships that cannot be effectively or meaningfully executed by someone else.

Highlighting this idea emphasizes the importance of personal involvement. Many personal rights involve elements such as trust or confidence, where the performance of the contract relies heavily on the singular identity of the obligor. For instance, artistic contracts, personal service agreements, or any arrangement predicated on the unique abilities of an individual showcase how some rights necessitate direct personal engagement.

The other options present concepts that do not necessarily relate directly to the uniqueness of personal rights. The ability to exercise rights in person, connection to employment, or governance by statutory requirements do not inherently define the transferability or uniqueness of a right in a contract. Thus, the essence of a uniquely personal right comes fundamentally from its non-transferable nature.

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