When Can a Person Who Is Not a Party to a Contract

question 39

Multiple Choice

When can a person who is not a party to a contract enforce the contract?

• A)When they are a beneficiary under an insurance contract.
• B)Any time: contracts can be enforced by anyone.
• C)Never, according to the doctrine of privity of contract.
• D)When they have suffered harm as a result of the breach.

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Definitions:

Weighted Moving Average

A calculation that averages a series of values while giving different weights to different values, often used in financial analysis to smooth data.

Simple Moving Average

A method used in technical analysis to smooth out price data by creating a constantly updated average price over a specific period of time.

Focus Forecasting

A technique that uses historical data to predict future demand by trying various forecasting methods and selecting the one that proves most accurate.

Coefficient of Determination

A statistical measure that determines the proportion of variance in the dependent variable that can be predicted from the independent variable(s).