________ involve two parties to a contract, either by words, writing, or actions, intending to bring benefits to a third party by virtue of an enforceable contract.

Question

Quizplus · Accepted Answer

Intended beneficiary contracts involve the intention of the parties to the contract to confer a benefit on a third party, who has the legal right to enforce the contract, even though the third party may not have been a party to the original contract. This is in contrast to incidental beneficiary contracts, where the third party incidentally benefits from the contract, but has no legal right to enforce it. Donee-beneficiary contracts involve a gift or donation to a third party, while creditor-beneficiary contracts involve the satisfaction of a debt owed to a third party.

________ Involve Two Parties to a Contract, Either by Words