After signing his latest contract, professional basketball star Michael James contracted with MacMansion Construction to build a $1 million home for his mother. Home developer Eric Muldoon purchased all of the lots surrounding the lot where James' mother's home would be built, figuring that the James house would increase the value of all of the real estate in the neighborhood. If MacMansion Construction fails to build the home, can Eric Muldoon sue MacMansion?
A) Yes, because he is an intended third-party beneficiary.
B) Yes, because he is an incidental beneficiary.
C) No, because he is an incidental beneficiary.
D) No, because he is an intended third-party beneficiary.
Correct Answer:
Verified
Q8: Section 2-201(1) of the _ is the
Q9: The term _ refers to any oral
Q10: Under the Statute of Frauds, any contract
Q11: An obligee who transfers a right is
Q12: After signing his latest contract, professional basketball
Q14: In general, third parties do not acquire
Q15: A _ is an unconditional promise to
Q16: Contract language such as if, on condition
Q17: An agreement whereby the parties agree to
Q18: An accord, by itself, does not discharge
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents