Asked by Keyara Lewis on May 21, 2024
Verified
A donee beneficiary is a third party who benefits from a contract in which the promisor agrees to pay the promisee's debt.
Donee Beneficiary
A third party who benefits from a contract, although not one of the principals to the contract.
- Recognize the principles of intended, incidental, and donee beneficiaries in the context of contractual agreements.
Verified Answer
FM
Faisal MangalMay 25, 2024
Final Answer :
False
Explanation :
A donee beneficiary is a third party who benefits from a contract in which the promisor agrees to give a gift to the third party.A creditor beneficiary is a third party who benefits from a contract in which the promisor agrees to pay the promisee's debt.
Learning Objectives
- Recognize the principles of intended, incidental, and donee beneficiaries in the context of contractual agreements.