To Make a Third Party a Donee Beneficiary,the Creation of a Gift

question 9

True/False

To make a third party a donee beneficiary,the creation of a gift (intended for the third party)of the contracted performance must be the promisee's primary purpose in contracting.

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Definitions:

World Bank

A global financial organization that offers loans and grants to lower-income nations' governments to help them undertake infrastructure projects.

Water Shortfall

A situation where the available water resources are insufficient to meet the demands of a population or region.

Formal Education

Structured and systematic instruction in academic content provided by schools and other educational institutions, following specific curricula.

High-Income Nations

Countries with a high gross national income per capita, offering their citizens a relatively high standard of living and economic stability.