When Two Parties Enter into a Contract with the Intended

question 88

Multiple Choice

When two parties enter into a contract with the intended end purpose of benefiting a third party,a[n] ________ is created.

• A)First-party beneficiary
• B)Third-party beneficiary
• C)Creditor Beneficiary
• D)Second-party beneficiary
• E)Assignment

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Definitions:

Campbell Soup Co.

An American producer of canned soups and related products, known for its iconic red and white labels.

Geographic Characteristics

Features or aspects that define the physical or natural environment of a specific area, including climate, terrain, and natural resources.

Music Concerts

Live performances of music in front of an audience, which can range from a single musical performer to an entire orchestra or band.

Universal Concerts

Events featuring music or performances that attract a globally diverse audience or are available for viewing across the world.