In Many Cases,an Incidental Third-Party Beneficiary Suffers a Loss That

question 130

Essay

In many cases,an incidental third-party beneficiary suffers a loss that can be directly traced to a party's breach of contract.Why are incidental third-party beneficiaries not able to recover their losses in such situations?

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Definitions:

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Expected Return

The anticipated gain or loss that an investor predicts from an investment over a period, based on historical averages or estimated models.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange-traded funds (ETFs).