A party beneficiary contract is one in which a party (the promisor) promises to render a certain performance not to the other party (the promisee) but to a third person (the beneficiary)

Indicate whether the statement is true or false


True

Business

You might also like to view...

According to the text, the most prevalent reason for mergers is: 

A. taxation. B. currency fluctuations. C. economies of scale. D. to combine complementary resources.

Business

As a marketing tool, packaging

A. gives a product a chance to stand out among all the other choices on a store shelf. B. is not very important for communicating to the consumer. C. does little to help promote and reinforce brand image. D. is not something that marketers are involved with. E. is only crucial to a few products, since most products are heavily promoted in other ways.

Business

Ramirez Company returns merchandise previously purchased on account. It had not yet been paid for. Ramirez uses the perpetual inventory system. Which of the following reflects the effects on the financial statements of only the purchase return? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.+=NA+---NA=-+OAB.-=-+NANA-+=-NAC.+-=NA+NANA-NA=NA+OAD.-=-+NANA-NA=NANA

A. Option A B. Option B C. Option C D. Option D

Business

_____ demands that marketers actively contribute to the needs of the broader community.

A. Social responsibility B. Ethical consumerism C. Corporate sustainability D. Shareholder primacy

Business