Identify the Following Terms

question 77

Short Answer

Identify the following terms.
-Fu Xi, Shen Nong, and the Yellow Emperor

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Definitions:

Privity of Contract

The principle that a contract is a private agreement between the contracting parties only, and as such, only these parties have rights and obligations under the contract.

Incidental Beneficiary

One who unintentionally gains a benefit from a contract between other parties.

Donee Beneficiary

A third party who benefits from a contract in which a promisor agrees to give a gift to the third party.

Incidental Beneficiary

A third party who may benefit from a contract between two other parties, even though the benefit was not the purpose of the contract.