Jim and Kelly agree that Jim will fix the refrigeration unit in Kelly's Lunch Café in exchange for her payment of a debt that Jim owes to Money Corporation. Under this contract, the intended beneficiary is
A) Kelly.
B) Money.
C) Jim.
D) any customer, client, or employee of Lunch or Money.

Question

Quizplus · Accepted Answer

Money Corporation is the intended beneficiary because the contract specifies that Kelly will pay Jim's debt to Money Corporation, making them the party that benefits from the contract's performance.

Jim and Kelly Agree That Jim Will Fix the Refrigeration