Asked by Jessica Hegyi on Jun 13, 2024
Verified
Matrix,Inc.contracts with Smalltown Economic Development Corp.to build a factory in Smalltown that will employ 1,000 workers from Smalltown.Matrix later breaches this contract,and Smalltown citizens who were expecting to be employed sue Matrix for breach of its contract.Smalltown citizens' best argument for damages involves the legal doctrine of:
A) quasi contracts.
B) privity of contracts.
C) intended beneficiaries.
D) implied-in-fact contracts.
Intended Beneficiaries
Individuals or entities who, although not party to a contract, are intended by the contracting parties to benefit from the contract's performance.
Privity of Contracts
A doctrine in contract law that states that contracts are binding only upon the parties signing the agreement, and no third party can enforce or be obliged by the contract.
Legal Doctrine
A principle or framework of principles established through precedent in case law which guides judicial decision-making.
- Identify and explain the rights and claims of third parties in contract law, specifically intended beneficiaries.
Verified Answer
Learning Objectives
- Identify and explain the rights and claims of third parties in contract law, specifically intended beneficiaries.
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