Which of the Following Is Not a Third-Party Beneficiary Contract

question 16

Multiple Choice

Which of the following is not a third-party beneficiary contract?

• A) a contract in which A hires B to give A's niece piano lessons
• B) a contract to repair sewers in front of Macy's Department Store
• C) a life insurance contract with a named beneficiary
• D) a contract between X and Y for Y to install a new door on Z's home

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Definitions:

Legal Advice

Guidance given by a legal professional regarding the law or legal proceedings relevant to a client's specific situation.

Accounting Advice

Professional recommendations or guidance concerning the financial management, practices, and recording of a business or individual's affairs.

Rate of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Cram-Down Round

A financing round typically at a lower valuation, in which existing shareholders have their shares diluted if they do not participate.