Asked by Amanda Allen on Jun 28, 2024
Verified
A(n) __________ is a third party who obtains possible benefits but no rights under a contract.
A) incidental beneficiary
B) intended beneficiary
C) assignor
D) donee beneficiary
Incidental Beneficiary
A third party who benefits from a contract between two other parties, without being specifically intended to benefit by those parties.
Intended Beneficiary
A person or entity for whom a contract is specifically made to benefit, having the legal right to enforce the contract if not fulfilled.
- Assess the juridical condition and rights inherent to third-party beneficiaries.
Verified Answer
ZK
Zybrea KnightJul 02, 2024
Final Answer :
A
Explanation :
An incidental beneficiary is a third party who obtains possible benefits but no rights under a contract. They are not intended to receive benefits, but they may benefit from the performance of the contract. This is different from an intended beneficiary, who is specifically named and intended to receive benefits from the contract. Assignor and donee beneficiary are not relevant to this definition.
Learning Objectives
- Assess the juridical condition and rights inherent to third-party beneficiaries.