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.
Answer: A
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Which of the following is an example of an e-mail flame?
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To calculate diluted EPS, the accountant does all of the following except:
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Describe the sources of risk described in the chapter (liquidity, operating, financial, and worst-case scenarios).
What will be an ideal response?
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