Examlex
On the basis of knowledge obtained in his economics class, Ferris is likely to conclude that:
Malfeasance
The performance of a wrongful or unlawful act, especially by a public official.
Vesting
The process through which an employee gains nonforfeitable rights over employer-contributed assets or benefits.
Incidental Beneficiary
An individual or entity that may benefit from the execution of a contract despite not being a direct party to the agreement.
Donee Beneficiary
In contract law, a person who is not a party to the agreement but is intended by the contracting parties to benefit from its provisions.
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