Asked by Kristopher Curry on Jun 09, 2024
Verified
A(n) __________ is an intended beneficiary of a contract who receives the benefits of the contract as a gift.
A) incidental beneficiary
B) intended beneficiary
C) assignor
D) donee beneficiary
Incidental Beneficiary
An individual or entity that might receive a benefit from a contract between two other parties, despite not being an intended party of the contract.
Intended Beneficiary
A person for whom a contract is specifically made and who has the right to enforce the contract terms against the parties involved.
Donee Beneficiary
A third party who benefits from a contract between two other parties, especially in the context of gifts or estates.
- Explore the legal state and rights associated with third-party beneficiaries.
Verified Answer
KM
kevin mabiriziJun 14, 2024
Final Answer :
D
Explanation :
A donee beneficiary is the intended beneficiary of a contract who receives the benefits of the contract as a gift. An incidental beneficiary, on the other hand, is someone who may be affected by a contract but is not intended to receive any benefits from it. An assignor is someone who transfers their rights or obligations under a contract to another party.
Learning Objectives
- Explore the legal state and rights associated with third-party beneficiaries.