Multiple Choice
What is the defining characteristic of a creditor third-party beneficiary?
A) The benefit received by the third-party beneficiary is a gift.
B) The third-party beneficiary has also been delegated a duty.
C) The third-party beneficiary was not intended to receive a benefit.
D) The third-party beneficiary has preexisting obligations related to the contract.
E) The third-party beneficiary status arose out of the assumption of a loan agreement.
Correct Answer:
Verified
Correct Answer:
Verified
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