________ Involve Two Parties to a Contract, Either by Words

question 38

Multiple Choice

________ involve two parties to a contract, either by words, writing, or actions, intending to bring benefits to a third party by virtue of an enforceable contract.

• A)Intended beneficiary contracts
• B)Incidental beneficiary contracts
• C)Donee-beneficiary contracts
• D)Creditor-beneficiary contracts

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Definitions:

Income Inequality

The unequal distribution of an economy’s total income among households or families.

Gini Curve

A graphical representation of the distribution of income or wealth within a society, used to measure economic inequality.

Quintile Distribution

A method of dividing a population into five equal groups based on their income levels or other measures.

Nation's Income

The total amount of money earned within a country from the production of goods and services over a specific time period, including wages, profits, and rental income.