Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt that Lyle owes to New Credit Corporation.Under this contract,the intended beneficiary is
A) Miranda.
B) New Credit.
C) Lyle.
D) any customer of Miranda's.

Question

Quizplus · Accepted Answer

The intended beneficiary in this contract is New Credit Corporation, as they are the ones receiving the benefit from Miranda's payment to Lyle. Neither Miranda nor any customers of the café are intended beneficiaries of this contract. Lyle is simply fulfilling his obligation to New Credit Corporation in exchange for Miranda's help.

Lyle and Miranda Agree That Lyle Will Fix the Refrigeration