Asked by
Demoines Whitney
on Nov 21, 2024Verified
Creditor beneficiaries can enforce their rights under a contract whenever the contract is valid.
Creditor Beneficiaries
A creditor beneficiary is a third party that benefits from a contract wherein the promisor agrees to pay the promisee's debt to the third party.
- Recognize the rights and enforceability of third-party beneficiaries in a contract.
Verified Answer
IS
Learning Objectives
- Recognize the rights and enforceability of third-party beneficiaries in a contract.