Examlex
The absence of which of the following conditions could lead to the collapse of a competitive market?
Donee Beneficiary
A third party who benefits from a contract made between two other parties, where the intent is to benefit the third party.
Gratuitous Assignment
A transfer of rights or property without consideration or payment from the recipient.
Written Statement
A formal, documented expression of facts or opinions, which is signed and usually legally binding.
Creditor Beneficiary
A third party that benefits from a contract made between two other parties, primarily involving debt repayment.
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