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1. Which of the following contract(s) can be enforced by a third-party beneficiary? Loan company lent Mary $5000 to pay bills but did not mention

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1. Which of the following contract(s) can be enforced by a third-party beneficiary? Loan company lent Mary $5000 to pay bills but did not mention any specific creditors of Mary. Sid's contract with ABC life insurance company names his sister as beneficiary. Susan contracts to sell her car to Tom and the contract requires Tom to pay Susan's creditor XYZ bank. B and C 2. Bank contracts to lend XYZ Corp. $10 million to build an office building a few blocks from Ted,s restaurant. Ted is an intended third party beneficiary of the contract between Bank and XYZ Corp. Ted is an incidental beneficiary of the contract between Bank and XYZ Lorp. Ted can enforce the contract between Bank and XYZ Corp Bank and XYZ Corp. cannot modify the loan contract without Ted's consent 3. If there is a time limitation or any other restriction in a contract, a third-party beneficiary May ignore it May void it Is bound thereby Must consent to be bound thereby before it is effective

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