Examlex
Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Etruscans
Promisor
In a third-party beneficiary contract, the party to the contract who made the promise that benefits the third party.
Third-Party Beneficiary
An individual or entity that, though not a party to a contract, stands to benefit from its execution.
American Rule
A legal principle stating that each party in a lawsuit is responsible for its own attorney's fees, except if otherwise provided by statute or agreement.
First-Assignment-In-Time Rule
A principle in law that gives priority to the party that first received the property or asset, often used in disputes over claims or ownership.