Most Courts Hold That as Long as the ________ Intended

question 72

Multiple Choice

Most courts hold that as long as the ________ intended to benefit a third party,the third party is an intended beneficiary.

• A)promisor
• B)offeror
• C)promisee
• D)offeree

Recognize examples of public goods and understand why they are considered as such.

Recognize examples of artificially scarce goods and understand why they are considered as such.

Understand the implications of goods being nonrival and/or nonexcludable on their consumption and provision.

Identify the effects of consumption characteristics (rivalry and excludability) on market efficiency.

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Definitions:

Spirits of Ammonia Capsules

A medicinal preparation containing ammonium carbonate and ammonia, used as a stimulant in cases of fainting or shock.

First Responders

Individuals such as police, firefighters, and emergency medical personnel who are among the first to arrive and provide assistance at the scene of an emergency.

Crash Cart

A mobile trolley equipped with emergency medical supplies and equipment necessary for lifesaving procedures, often found in hospitals.

Medical Emergency

An injury or illness that is acute and poses an immediate risk to a person’s life or long-term health.