In Which of the Following Situations Is There a Third

question 73

Multiple Choice

In which of the following situations is there a third party incidental beneficiary who would be unable to enforce the agreement?

• A) Wholesalers, when the buyer of a business promises the seller that he will pay outstanding debts to wholesalers who have supplied inventory for the business.
• B) Workers, where a contractor agrees to post a performance bond to assure payment of workers and material suppliers.
• C) A debtor, where a new partner enters an accounting firm and agrees to pay a share of debts incurred prior to his admission to the firm.
• D) A doctor, when an automobile accident policy states that the insurance company will reimburse the insured for medical expenses incurred as a result of an automobile accident.

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Definitions:

Defibrillator

A device that delivers an electric shock to the heart to restore a normal rhythm in cases of cardiac arrest.

Terminal Punctuation

Marks that signal the end of a sentence, providing clarity and structure to written communication.

Terminal Punctuation

Refers to the punctuation marks used at the end of sentences, such as periods, question marks, and exclamation points, indicating a pause or conclusion.

Terminal Punctuation

Marks such as periods (.), question marks (?), and exclamation points (!) used at the end of sentences to indicate full stops or to convey the tone of the statement.