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Which of the Following Is True Regarding Factors Considered by a Court

question 60

Multiple Choice

Which of the following is true regarding factors considered by a court in determining whether a party is an intended or incidental beneficiary?


Definitions:

Accord and Satisfaction

A legal settlement where a debtor offers payment or performance different from what was originally agreed, and the creditor accepts it as full settlement of the debt.

UCC

A complete collection of legal regulations that administer all business dealings across the United States, known as the Uniform Commercial Code.

Preexisting Duty

A promise to do something that one is already obligated to do. It is not considered valid consideration.

Unforeseen Circumstances

Events or situations that could not have been predicted and often cause a change in plans or necessitate a response.

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