An Intended Beneficiary Is a Third Party to a Contract

question 80

True/False

An intended beneficiary is a third party to a contract whom the contracting parties intended to benefit directly from their contract.

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Definitions:

Stereotyping

The act of assigning a set of characteristics to someone based on their group membership, often leading to oversimplified and inaccurate judgments.

Generation X

A demographic cohort following the baby boomers, typically defined as people born from the early-to-mid 1960s to early 1980s.

Generation Z

Generation Z refers to the cohort of people born approximately between the mid-1990s to early 2010s, known for their familiarity with the internet, technology, and digital communications from a young age.

Baby Boomers

The demographic group born approximately between 1946 and 1964, known for significant population growth and cultural impact.