Examlex
Making judgments and taking action on the basis of narrow or personal characteristics is referred to as
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing in order to be enforceable.
Contracts
Legally binding agreements between two or more parties that establish obligations which are enforceable by law.
Intended Beneficiary
An intended beneficiary is a person or entity that a contract explicitly states will benefit from its execution or terms.
Incidental Beneficiary
A third party who benefits from a contract between two other parties, although the benefit was not the reason the contract was formed and does not have rights to enforce the contract terms.
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