A(n)________ Is Created When Two Parties Enter into a Contract

question 68

Multiple Choice

A(n) ________ is created when two parties enter into a contract with the intended purpose of benefiting a third party.

• A)third-party beneficiary contract
• B)accord and satisfaction
• C)novation
• D)assignment
• E)delegation

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Definitions:

Generations

Groups of individuals born and living around the same time, often sharing similar societal influences and life experiences.

Transnational Organizations

Businesses that operate across national borders, dealing in goods or services in more than one country.

Global Viewpoint

An outlook that considers the broad, interconnected implications of events, policies, and decisions on the international stage.

Guanxi

A Chinese term representing the intricate network of relationships that individuals cultivate for mutual benefit, especially in business contexts.