Examlex
Which of the following represents a correct air flow?
Donee Beneficiary
A third party who benefits from a contract between two other parties, especially in cases involving the transfer of a gift or a donation.
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.
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