Asked by Bradley Bennett on Jun 11, 2024
Verified
The promisee in a third-party beneficiary contract is the party to the contract who ________ in exchange for the promise made to the third-party beneficiary.
A) receives a gift
B) obligates another party under the contract
C) owes something to the promisor
D) owes something to the third-party beneficiary
E) becomes a new assignor
Promisee
In a third-party beneficiary contract, the party to the contract who owes something to the promisor in exchange for the promise made to the third-party beneficiary.
Third-Party Beneficiary
A recipient of contractual benefits who is not one of the contracting parties; created when two parties enter into a contract with the intended purpose of benefiting a third party.
- Understand the role and rights of a third-party beneficiary in contract law.
Verified Answer
RW
Romany WasilJun 16, 2024
Final Answer :
C
Explanation :
The promisee in a third-party beneficiary contract is the party who owes something to the promisor in exchange for the promise made to the third-party beneficiary. This is because the promisee is the one who has made an agreement with the promisor that benefits a third party.
Learning Objectives
- Understand the role and rights of a third-party beneficiary in contract law.