A Third Party Who Is Not in Privity of Contract

question 20

True/False

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 is called an incidental beneficiary.

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Definitions:

Median

The middle value in a data set when the values are arranged in ascending or descending order.

Uniform Distribution

A type of probability distribution in which every outcome is equally likely, leading to a flat or constant probability denoted over an interval.

Electronics Test

A process or procedure used to assess the functionality and performance of electronic components or systems.

Uniform Distribution

A type of probability distribution in which all outcomes are equally likely, characterized by constant probability over its intervals.