Asked by Sophony Henri on Apr 26, 2024
Verified
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.
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.
Learning Objectives
- Comprehend the positions and privileges of third-party entities in contractual agreements, such as assignees, beneficiaries, and obligors.
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