To Make a Third Party a Donee Beneficiary,making a Gift

question 50

True/False

To make a third party a donee beneficiary,making a gift of the contracted performance must be the promisee's primary purpose in contracting.

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Definitions:

Disposable Income

The financial resources that households can allocate towards savings and expenditures after income tax deductions.

Saving

The portion of income not spent on current consumption, often put aside for future use or investments.

Disposable Income

Funds available to households for saving and spending once income taxes are deducted.

APC

Average Propensity to Consume, which is the fraction of income spent on consumption.