Which statement most accurately describes third party beneficiary rights?
A) A beneficiary may enforce a contract if the parties intended to benefit him and if enforcing the promise will satisfy a duty of the promisee to the beneficiary.
B) If a promisee intended to make a gift to the beneficiary, the beneficiary may not enforce the contract.
C) An intended third party beneficiary has no enforceable rights in a contract.
D) Incidental beneficiaries have enforceable rights against both contracting parties.
A
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Use this information to answer the following question. The selected accounts and balances for Keystone Market appear as follows: Advertising Expense $ 14,000 Common Stock 100,000 Dividends 21,000 Freight-In 7,000 Freight-Out Expense 10,000 Interest Income 24,000 Merchandise Inventory (Jan. 1) 70,000 Merchandise Inventory (Dec. 31) 56,000 Purchases 60,000 Purchases Returns and Allowances 4,000
Rent Expense 9,000 Retained Earnings 40,000 Sales 150,000 Sales Returns and Allowances 19,000 Wages Expense 32,000 The amount of net sales on the income statement would be a. $169,000. b. $144,000. c. $131,000. d. $137,000.
An open innovation model reduces a firm's absorptive capacity.
Answer the following statement true (T) or false (F)
List the three basic steps in using the summary-of-benefits close.
What will be an ideal response?
Reasons to impose tariffs include:
a. the collection of revenue. b. the implementation of national economic policies. c. retaliation against a foreign government. d. All of the above