Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Plato
Performance
The act of fulfilling the duties or requirements specified in a contract or agreement.
Incidental Beneficiary
A third party who might receive a benefit from a contract between two other parties, although the contract is not primarily intended for the benefit of the third party.
Assignee
A person or entity to whom a contract or legal right is transferred.
Statute of Frauds
A legal concept that requires certain types of contracts to be executed in writing and signed by all parties to be legally enforceable.
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