An Intended Beneficiary Can Sue Directly to Enforce a Promisor's

question 46

True/False

An intended beneficiary can sue directly to enforce a promisor's promise.​

---

Definitions:

Expected Inflation Rate

The anticipated rate at which the general level of prices for goods and services will rise over a period.

Velocity of Money

The rate at which money circulates in the economy, typically measured as the ratio of nominal GDP to the money supply.

Actual Inflation Rate

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as measured over a specific period of time.

Actual Price Level

The current cost of goods and services in an economy, affecting purchasing power and inflation rates.