Jim and Kiel agree that Jim will fix the refrigeration unit in Kiel's Food Truck in exchange for payment of a debt that Jim owes to Lenders Bank. Under this contract, the intended beneficiary is
A)Kiel's Food Truck.
B)Lenders Bank.
C)Jim.
D)any customer, client, or employee of Kiel's Food Truck or Lenders Bank.

Question

Quizplus · Accepted Answer

Lenders Bank is the intended beneficiary because the payment for the service (fixing the refrigeration unit) is being used to satisfy a debt that Jim owes to Lenders Bank.

Jim and Kiel Agree That Jim Will Fix the Refrigeration