If There Is a Time Limitation or Any Other Restriction

question 9

Multiple Choice

If there is a time limitation or any other restriction in a contract, a third-party beneficiary:

• A) may ignore it.
• B) may void it.
• C) is bound thereby.
• D) must consent to be bound thereby before it is effective.

---

Definitions:

Price

The expenditure required to procure a good, service, or asset.

Income

The amount of money received by an individual or entity over a specified period, usually through employment, business, or investments.

Demand Curve

A graph representing the relationship between the price of a good and the quantity demanded by consumers.

Income

Financial gains accrued from work or investments over time.