A(n) __________ Is a Third Party Who Obtains Possible Benefits

question 66

Multiple Choice

A(n) __________ is a third party who obtains possible benefits but no rights under a contract.

• A) incidental beneficiary
• B) intended beneficiary
• C) assignor
• D) donee beneficiary

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Definitions:

Right to Possession

The legal authority to control or occupy a piece of property, either by ownership or by lease.

Transportation Costs

Expenses associated with moving goods or individuals from one location to another, including costs related to freight, fuel, and maintenance.

FOB

stands for Free On Board, a term used in shipping indicating that the seller is responsible for goods until they are loaded onto a shipping vessel.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights of those involved.