Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20. Which of the following statements best describes a third-party beneficiary to a contract? A. B. The law requires that only the parties to

image text in transcribed

20. Which of the following statements best describes a third-party beneficiary to a contract? A. B. The law requires that only the parties to a contract benefit from the contract. A non-party to a contract may enforce the contract, but the non-party must be a spouse or an adult child of a party to the contract. Any person who in any way benefits from a contract may sue to enforce the contract. C. D. An intended beneficiary is a third party for whom the contract was formed.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Fundamentals

Authors: John Wild

3rd edition

978-0073527048, 0073527041, 978-0077544652

More Books

Students also viewed these Accounting questions

Question

What are the key differences?

Answered: 1 week ago

Question

What was the legal status of Mr. Thomas?

Answered: 1 week ago