Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Buns n' Burgers in exchange for her payment of a debt that Lyle owes to New Credit Corporation. New Credit is
A) a delegatee.
B) an intended beneficiary.
C) an incidental beneficiary.
D) an assignor.

Question

​Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Buns n' Burgers in exchange for her payment of a debt that Lyle owes to New Credit Corporation. New Credit is
A) ​a delegatee.
B) ​an intended beneficiary.
C) ​an incidental beneficiary.
D) ​an assignor.

Quizplus · Accepted Answer

New Credit Corporation is an intended beneficiary because Lyle and Miranda entered into their agreement with the intention of satisfying Lyle's debt to New Credit.

​Lyle and Miranda Agree That Lyle Will Fix the Refrigeration

Lyle and Miranda Agree That Lyle Will Fix the Refrigeration