Randy and Donald Were Property Developers,and Decided to Construct a Condominium

question 38

Multiple Choice

Randy and Donald were property developers,and decided to construct a condominium in a certain neighborhood.Jim,who owned a chain of restaurants,heard of this agreement,and opened a new restaurant in the same neighborhood even before the condominium construction began.However,the plan for the condominium was not approved by the state authorities,and the project was cancelled.Jim suffered losses as a result,but he had no rights in the contract because he was a(n) :

• A) material beneficiary.
• B) substantial beneficiary.
• C) incidental beneficiary.
• D) third-party beneficiary.

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Definitions:

Means-tested Benefit

Government assistance programs that provide benefits based on the recipient's income and assets, ensuring aid goes to those in financial need.

Entitlement

A government program guaranteeing access to benefits by members of a specific group and based on established rights or by legislation.

Policy Feedback

The process by which existing policies influence future political behavior, public attitudes, and policy formulations.

Elite Democratic

A form of democracy that emphasizes the role of elected representatives or elites in making major decisions, rather than direct participation by the general populace.