Asked by Jasneet Kaur Singh on May 13, 2024
Verified
Most countries do not grant third-party rights to contracts.
Third-Party Rights
Third-party rights refer to the rights that the law grants to individuals or entities who are not directly involved in a contract but may be affected by it.
- Identify the entitlements and enforceability of third-party beneficiaries within a contractual agreement.
Verified Answer
YG
Yulisa GarciaMay 19, 2024
Final Answer :
True
Explanation :
Most countries follow the principle that only parties involved in the contract have rights and obligations under it, known as "privity of contract," which excludes third parties from having enforceable rights.
Learning Objectives
- Identify the entitlements and enforceability of third-party beneficiaries within a contractual agreement.