A Third-Party Beneficiary Is One Which

question 99

Multiple Choice

A third-party beneficiary is one which

• A) has failed to establish legal standing before the court.
• B) does not have privity of contract and is unknown to the contracting parties.
• C) does not have privity of contract, but is known to the contracting parties and intended to benefit under the contract.
• D) may establish legal standing before the court after a contract has been consummated.

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Definitions:

Cognitive Roots

Fundamental aspects or underpinnings of cognitive processes, including perception, memory, and reasoning, that influence human behavior and thinking.

Prejudice

Preconceived opinion that is not based on reason or actual experience; bias against people, places, or things.

Social

Relating to society or its organization; the interaction between individuals or groups.

Emotional

Relating to feelings or the process of expressing feelings; a psychological state involving thoughts, physiological changes, and an outward expression.