The rights of a third party beneficiary under a contract vest if the third party materially alters his or her position in detrimental reliance on the contract.

Name: The rights of a third party beneficiary under a contract vest if the third party materially alters his or her position in detrimental reliance on the contract.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

This is known as the doctrine of promissory estoppel, and it allows a third party beneficiary to enforce a contract if they have relied on it to their detriment.

The Rights of a Third Party Beneficiary Under a Contract