When Parties Enter into a Contract,they Can Agree That the Performance

question 41

True/False

When parties enter into a contract,they can agree that the performance of one of the parties should be rendered to or directly benefit a third party.Under such circumstances,the third party is called an incidental third-party beneficiary.

---

Definitions:

Financial Crisis

A situation where the value of financial institutions or assets drops rapidly, leading to a loss of confidence among investors, depositors, and consumers.

Elite Club

A prestigious group or organization that is exclusive to members who meet specific, often high, criteria.

Dividend Payments

The distribution of a portion of a company's earnings to its shareholders, typically in the form of cash or stock.

Ex-Dividend Date

The specific date on which a stock is traded without the right to receive the next dividend payment.