It Is Necessary That a Third-Party Beneficiary Be Identified by Name

question 8

True/False

It is necessary that a third-party beneficiary be identified by name.

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Definitions:

Absolute Value

Represents the distance of a number from zero on the number line, disregarding its direction (positive or negative).

Probability

A branch of mathematics that deals with calculating the likelihood of a given event's occurrence.

Sure Thing

A situation or outcome that is guaranteed to occur or a bet that is certain to win, often used in the context of investments or decisions with a predictable outcome.

Weighted Average

Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to some of the numbers more than others.