Which of the following is an intended beneficiary to a contract? 1.a beneficiary of an insurance contract 2.a spouse of a beneficiary of an insurance contract 3.the owner of a pizzeria who sells more pizza due to a convention being held nearby 4.a person whose residential property value goes up as the result of a city's agreement with a commercial land developer Assessment question Which of the following elements are required of ALL intended beneficiaries? 1.The contracting parties were aware of the third-parties existence and position at the time of making the contract 2.One of the contracting parties owed a duty to the third-party. 3.One of the contracting parties was making a gift to the third-party. 4.One of the contracting parties is a donee.