Intended Beneficiaries Can Sue to Enforce a Contract

question 8

True/False

Intended beneficiaries can sue to enforce a contract.

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Definitions:

Check

A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand.

Negotiable

Capable of being transferred or exchanged through endorsement or delivery, usually in the context of financial instruments.

Occurrence

An event or incident that takes place, often used in legal and insurance contexts to specify an event covered by a policy or agreement.

Nonoccurrence

The failure or absence of an event or condition that was anticipated or required.