When a Person Enters into a Contract with the Intent

question 50

Multiple Choice

When a person enters into a contract with the intent to confer a benefit or gift to an intended third party,the contract is called a ________ contract.

• A) Good Samaritan
• B) Solomonic
• C) donee beneficiary
• D) residual
• E) declaratory

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Definitions:

Validity

The extent to which a concept, conclusion or measurement is well-founded and likely corresponds accurately to the real world.

Ordinal Data

Data that can be categorized and ranked in a specific order, but the intervals between the ranks are not necessarily equal.

Interval Data

A type of numerical data in which the intervals between numbers on the scale are interpretable and equal, allowing for meaningful comparison and arithmetic operations.

Nominal Data

Data classified into categories that cannot be ordered in a meaningful way.