A Contract in Which a Party (The Promisor) Promises to Render

question 55

True/False

A contract in which a party (the promisor) promises to render a certain performance not to the other party (the promisee) but to a third person (the beneficiary) is called a third party beneficiary contract.

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Definitions:

Political Force

An entity or movement having significant influence or power in shaping policies, opinions, or governance within a political system.

Open Door Policy

A US foreign policy principle aimed at promoting equal opportunities for international trade in China during the late 19th and early 20th centuries.

American Products

Goods produced within the United States, often highlighted for their quality, innovation, or cultural significance.

Ideology

A system of ideas, beliefs, and values that shapes the way individuals or groups understand the world and interact within it.