Asked by Hannah Williams on Jun 13, 2024
Verified
A[n] ________ 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
B) Donee
C) Incidental
D) Promised
E) Avowed
Donee Beneficiary
A third party that benefits from a contract between two other parties, especially in a gift or donation context.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights of the involved parties.
Promisor
The individual or party that makes a promise or commitment in a contract.
- Acquire comprehension of the legal contrasts among donee beneficiaries, creditor beneficiaries, and incidental beneficiaries.
Verified Answer
SZ
Steve ZangwaJun 15, 2024
Final Answer :
B
Explanation :
A donee beneficiary is a third party who benefits from a contract because the promisor agrees to give a gift to the third party, fitting the description provided.
Learning Objectives
- Acquire comprehension of the legal contrasts among donee beneficiaries, creditor beneficiaries, and incidental beneficiaries.