Most Companies Are No Longer Self-Sufficient or Self-Contained

question 128

True/False

Most companies are no longer self-sufficient or self-contained.

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Definitions:

Intended Beneficiary

A third party in whose favor a contract is made.

Privity of Contract

A doctrine in contract law that prohibits any person who is not a party to a contract from enforcing or being bound by the terms of that contract.

Legally Enforce

The capability to impose compliance or execution of a law, agreement, or obligation through legal processes or judicial intervention.

Assignee

A person to whom an assignment is made.