For contract liability purposes, signing parties are divided into two categories: primary parties and secondary parties.

Question

Quizplus · Accepted Answer

This statement is true. Primary parties are those who directly benefit from the contract and are obligated to perform the contractual duties, while secondary parties are those who may be indirectly affected by the contract but have not entered into a direct contractual relationship.

For Contract Liability Purposes, Signing Parties Are Divided into Two