The Rights of a Third Party Beneficiary Under a Contract

question 71

True/False

The rights of a third party beneficiary under a contract do not vest if the third party materially changes his or her position in justifiable reliance on the promise.

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Definitions:

Perspective-Taking

The ability to understand and consider the world from someone else's viewpoint, an important social-cognitive skill in developing empathy.

Independence

The state or quality of being self-reliant and autonomous, free from external control or support.

Geographic Proximity

The physical closeness between two or more locations, often affecting social relations, economic transactions, or environmental impacts.

Personality

An individual’s distinctive ways of responding to people and events.