Asked by
ritisha pabbarajuu
on Nov 21, 2024
Verified
When two parties enter into a contract with the intended end purpose of benefiting a third party, a[n] ________ is created.
A) Third-party beneficiary
B) Second-party beneficiary
C) First-party beneficiary
D) Assignment
E) Creditor Beneficiary
Third-Party Beneficiary
A person or entity that benefits from a contract made between two other parties, despite not being a party to that contract themselves.
- Acquire knowledge of the position and privileges of a third-party beneficiary in the context of contractual legal relations.
Verified Answer
NM
Learning Objectives
- Acquire knowledge of the position and privileges of a third-party beneficiary in the context of contractual legal relations.