Define and Discuss Terminal and Instrumental Values, Using Examples

question 9

Essay

Define and discuss terminal and instrumental values, using examples.

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Definitions:

Incidental Beneficiary

A third party who benefits from a contract indirectly or unintentionally, without being a direct party to the agreement.

Delegatee

An individual or party to whom duties or authority are delegated by another, known as the delegator.

Delegator

A person or entity that assigns tasks, duties, or responsibilities to another, typically within an organizational or managerial context.

Obligee

The party to a contract or agreement who is entitled to receive a performance or obligation from another party.