Asked by
Serenity Bradley
on Nov 21, 2024Verified
The party who makes the promise that benefits the third party is the ________ in a third-party beneficiary contract.
A) Promisee
B) Promisor
C) Obligor
D) Obligee
E) Assignor
Promisor
In a third-party beneficiary contract, the party to the contract who made the promise that benefits the third party.
Third-Party Beneficiary
An individual or entity that, though not a party to a contract, stands to benefit from its execution.
- Comprehend the function and entitlements of a third-party beneficiary within the framework of contract law.
Verified Answer
KN
Learning Objectives
- Comprehend the function and entitlements of a third-party beneficiary within the framework of contract law.