Although an Intended Beneficiary Can Enforce Her Rights to a Contract,she

question 124

Multiple Choice

Although an intended beneficiary can enforce her rights to a contract,she cannot do so until her rights to the contract ________.

• A)divest
• B)bifurcate
• C)perfect
• D)vest
• E)amortize

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive in the market.

Price

The monetary figure anticipated, obligated, or dispensed in transaction for a service or good.

Quantity

The amount or number of a material or immaterial good or service.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.