Examlex
In evaluating policy effectiveness, economists rely on:
Creditor Beneficiary
A third party who benefits from a contract made between two other parties because one of the primary parties owes a debt to the beneficiary.
Contract
A legally enforceable agreement between two or more parties that creates mutual obligations.
Promisor
The person or party who makes a promise or agrees to perform an action or fulfill an obligation under a contract.
Promisee
The individual or entity to whom a promise or commitment is made, typically in a contractual agreement.
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