If a Third Party Will Be Affected by a Contract

question 22

True/False

If a third party will be affected by a contract, the parties to the contract are in privity with the third party.

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Definitions:

Software Application

A program or set of programs designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user.

Legal Advice

Guidance provided by a licensed legal professional regarding the law or legal issues.

Regulatory Forms

Official documents required by government agencies to ensure compliance with laws and regulations in various industries.

Marketing Expenses

Costs associated with promoting a company's products or services, including advertising, public relations, and event sponsorship, intended to increase brand awareness and drive sales.