Mary Carter and Gallagher Agreements Promote Settlement but Are Also

question 32

True/False

Mary Carter and Gallagher agreements promote settlement but are also potentially abusive to nonagreeing defendants.

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Definitions:

Intended Beneficiary

An individual or group for whom a contract is specifically designed to benefit.

Promisor

The person who makes a promise or agreement to do something, especially in a contract.

Promisee

The person to whom a promise is made in a contract, who stands to benefit from its fulfillment.

Offeror

The party in a contract negotiation that proposes the terms of an agreement to another party, known as the offeree.