Roger wants to buy a new car,so he borrows money from the bank.Several months later,he sells his car to Lisa,who agrees to pay the bank loan.

Question

Quizplus · Accepted Answer

In this scenario, Roger borrowed money from the bank to buy a car, which creates a contractual obligation between Roger and the bank. When Lisa agrees to pay the bank loan, she is fulfilling Roger's obligation under the contract. Therefore, the bank is an intended third-party beneficiary of the contract between Roger and Lisa.

Roger Wants to Buy a New Car,so He Borrows Money