For a Third Person to Have the Right to Enforce

question 48

Multiple Choice

For a third person to have the right to enforce a contract,he/she must necessarily prove that:

• A)he/she was the party to the contract.
• B)he/she had been given a promise.
• C)the contract was made to benefit him.
• D)the contract provides him/her incidental benefit.

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Definitions:

Market

A physical or virtual space where buyers and sellers interact to exchange goods, services, or information.

Highest Willingness to Pay

The maximum amount an individual is prepared to spend to obtain a good, service, or outcome, reflecting the perceived value.

Consumer

A person or collective that buys products or services for their own consumption.

Surplus Greater

A scenario where the quantity of goods produced or available exceeds the quantity demanded, often leading to lower prices or waste.