Asked by Shaniek Wiltshier on Jul 05, 2024

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Martha purchases a book from Just Books on credit and later sells the book to her friend,Christina.Christina in turn sells the book to David,who agrees to pay the balance to Just Books.Who is the creditor beneficiary in this exchange?

A) Martha
B) Christina
C) David
D) Just Books

Creditor Beneficiary

A third party that benefits from a contract made between two other parties because the contract discharges a debt or duty owed to them.

On Credit

The purchase of goods or services with the promise to pay at a future date.

Just Books

a term potentially referring to a concept of fairness in accounting practices, ensuring that records are accurate and truthful.

  • Gain insight into the theory of third-party beneficiaries and their classifications.
  • Recognize and elucidate the functions and entitlements of participants within allocated and assigned agreements.
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BB
Brisa BuenrostroJul 10, 2024
Final Answer :
D
Explanation :
If the promisor's performance is intended to satisfy a legal duty that the promisee owes to a third party,the third party is a creditor beneficiary.