The ___________ in a Third-Party Beneficiary Contract Is the Party

question 52

Multiple Choice

The ___________ in a third-party beneficiary contract is the party to the contract who made the promise that benefits the third party.

• A) Promisee
• B) Promisor
• C) Obligor
• D) Obligee
• E) None of these. There are no third-party beneficiary contracts, only second-party beneficiary contracts.

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Definitions:

High-Class Standing

Refers to individuals or groups holding a position of superior social status, often associated with wealth, education, and power.

Inheritance

The process by which possessions, titles, debts, rights, and obligations are passed from one generation to the next, often upon the death of an individual.

Functional Theory

A sociological perspective that examines society as a complex system whose parts work together to promote solidarity and stability, focusing on social functions and contributions.

Intergenerational Mobility

Is social mobility that occurs between generations.