Asked by Alicja Gawlik on May 06, 2024
Verified
Which of the following beneficiaries has no enforceable legal rights?
A) Donee beneficiary
B) Incidental beneficiary
C) Creditor beneficiary
D) Insurance beneficiary
Incidental Beneficiary
A third party for whose benefit a contract was not made but who would substantially benefit if the agreement were performed according to its terms and conditions.
Enforceable Legal Rights
are rights granted by the law that can be brought before a court for protection or enforcement.
Donee Beneficiary
A third-party beneficiary for whom a contract is intentionally made to benefit as a gift.
- Identify the functions and entitlements of external parties in agreements, encompassing assignees, beneficiaries, and obligors.
Verified Answer
Learning Objectives
- Identify the functions and entitlements of external parties in agreements, encompassing assignees, beneficiaries, and obligors.
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