Asked by Andrew Elmowitz on May 03, 2024
Verified
Which of the following is a correct statement regarding the rights of an intended beneficiary?
A) Intended beneficiaries may enforce their rights to a contract when both parties to the contract intended for the third party to benefit.
B) Intended beneficiaries may enforce their rights to a contract if only one of the parties to the contract intended for the third party to benefit.
C) Intended beneficiaries may enforce their rights to a contract,even if the parties to the contract did not specifically (in other words,purposefully) intend for the third party to benefit.
D) Intended beneficiaries have no rights under a contract.
E) Intended beneficiaries have the same rights under a contract as incidental beneficiaries.
Intended Beneficiaries
Persons or entities for whom a contract creates a benefit, even though they are not a direct party to the contract.
- Comprehend the conditions under which third-party beneficiaries may enforce contractual rights.
Verified Answer
SA
Sasha AliouallaMay 08, 2024
Final Answer :
A
Explanation :
An intended beneficiary is a third party to a contract whom the contracting parties intended to benefit directly from their contract.Intended beneficiaries may enforce their rights to a contract when both parties to the contract intended for the third party to benefit.
Learning Objectives
- Comprehend the conditions under which third-party beneficiaries may enforce contractual rights.