In cases where the parties to a contract intended to benefit a third party, courts will give effect to their intent and permit the ________ to enforce the contract.Multiple choice question.third party assigneesthird party beneficiariesthird party creditorsthird party assignors
Question
In cases where the parties to a contract intended to benefit a third party, courts will give effect to their intent and permit the ________ to enforce the contract.Multiple choice question.third party assigneesthird party beneficiariesthird party creditorsthird party assignors
Solution
The correct answer is "third party beneficiaries". In contract law, a third-party beneficiary, also known as a direct beneficiary, is a person who may have the right to sue to enforce a contract, despite not having originally been an active party to the contract. This right arises where the third party is the intended beneficiary of the contract, as is often seen in insurance contracts.
Similar Questions
A third party who could not establish that the contract was made with an intent to benefit her is considered to be a(n) _____ beneficiary.Multiple choice question.creditordoneeincidentalintended
In ascertaining the parties' intentions to benefit the third party, a court will look at: ________. (Choose TWO correct answers)Multiple select question.the rights of the beneficiaryall the surrounding circumstancesthe rights of the assignorthe language used
A(n) _________beneficiary is an intended third party who is benefited by the performance of a promisor that satisfies the legal duty owed by a promisee.Multiple choice question.incidentaldoneedebtorcreditor
A third party who is benefited by a contract and the performance was intended to be a gift is called a(n) ________.Multiple choice question.donee beneficiarycreditor beneficiarydebtor beneficiaryincidental beneficiary
A third party who has rights against both the promisee and the promisor is called a(n) Blank______ beneficiary.Multiple choice question.creditorincidentaldoneeinternal
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.