________ Refers to a Third Party Who Is Not in Privity

question 69

Multiple Choice

________ refers to a third party who is not in privity of contract but who has rights under the contract and can enforce the contract against the promisor.

• A) Third-party contractor
• B) Assignee
• C) Sub-assignee
• D) Intended third-party beneficiary

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Definitions:

Snow Boards

Not an economic term, likely refers to snowboards, which are equipment used for snowboarding.

Scuba Tanks

Cylinders containing compressed gas, typically air or a specialized gas mixture, used by scuba divers to breathe underwater.

Exchange Rate

is the value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.