Broadnorf Warbeagle Is Specifically Designated to Receive Cash Benefits of $2,000

question 71

Multiple Choice

Broadnorf Warbeagle is specifically designated to receive cash benefits of $2,000 from Ferd under a contract solely between Cantwell and Ferd. Cantwell owes Broadnorf $4,000. Ferd had never heard of Broadnorf before his recent contract with Cantwell.
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The fact situation suggests the existence of​

• A)third-party rights and a delegation of duties.
• B)an accord and satisfaction.
• C)a substantial performance of a liquidated damage clause.
• D)a statutory mutual assent.

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Definitions:

Family and Medical Leave Act

A U.S. federal law that provides eligible employees with unpaid, job-protected leave for family and medical reasons.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life.

Fair Labor Standards Act

A U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Excluded Coverage

Specific situations, conditions, or damages that a insurance policy does not cover.