Examlex
Regarding punishment, which of the following statements is TRUE?
Donee Beneficiary
A third party beneficiary to a contract who receives a benefit from the contract as a gift.
Promisor
The person or party in a contract who has made a promise to perform or refrain from performing a certain act.
Prohibiting Assignment
Prohibiting Assignment involves clauses in contracts that restrict or prevent a party from transferring their rights or obligations to another party.
Valid Assignment
is the effective transfer of rights or obligations that meets all legal requirements, ensuring enforceability.
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