Asked by Daniil Yagolnikov on Apr 28, 2024
Verified
A contract in which a party (the promisor) promises to render a certain performance not to the other party (the promisee) but to a third person (the beneficiary) is called a third-party beneficiary contract.
Third-Party Beneficiary
An individual or entity who, though not a party to a contract, benefits from the contract's performance by the contracting parties.
Promisor
The person in a contract who pledges to undertake an action or provide a service or good.
- Acquire knowledge about the essential aspects of assignments and delegations in the context of contract law.
- Understand the privileges and duties of third parties within contract assignments.
Verified Answer
AL
Anna-Melissa LlewellynApr 30, 2024
Final Answer :
True
Explanation :
This is the definition of a third-party beneficiary contract.
Learning Objectives
- Acquire knowledge about the essential aspects of assignments and delegations in the context of contract law.
- Understand the privileges and duties of third parties within contract assignments.
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