Asked by Sophony Henri on Apr 26, 2024

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If Velcrom is a creditor beneficiary of Mabela's Sporting Goods,Inc. ,Velcrom has no direct right to sue Mabela's.

Creditor Beneficiary

A third party to whom one or both contracting parties owe a continuing debt of obligation arising from a contract.

Direct Right

This term is not commonly defined in legal or regulatory contexts; without further context, it might not refer to a widely recognized concept. NO.

  • Comprehend the positions and privileges of third-party entities in contractual agreements, such as assignees, beneficiaries, and obligors.
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Verified Answer

BJ
Brisiadenisse JuarezalonsoMay 03, 2024
Final Answer :
False
Explanation :
As a creditor beneficiary, Velcrom has the legal right to sue Mabela's if there is a breach of the contract between Mabela's and Velcrom.