Third Party Rights in Contracts Can Arise by Assignment of Rights,delegation

question 78

True/False

Third party rights in contracts can arise by assignment of rights,delegation of duties,or express terms in third party beneficiary contracts.

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Definitions:

Business Unit

A segment of a larger company, operating within a specific market or sector, that has its own objectives, strategies, and often, financial accountability.

Corporate-Level

Pertaining to decisions, strategies, and processes that affect the entire organization, as opposed to those affecting only individual departments or regions.

Functional

Relating to the practical or useful aspects of something, especially its use or purpose.

Business-Level Strategies

The tactics and approaches a business adopts to compete effectively in a particular market, focusing on achieving competitive advantage.