A Third Party Beneficiary Contract Is Formed Only When the Parties

question 9

True/False

A third party beneficiary contract is formed only when the parties to a contract intend to con?fer a benefit on a third party.

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Definitions:

Factual and Statistical Information

Data and details based on real occurrences and quantitative measurements, used to support arguments, analyses, or research findings.

Formal Style of Communication

A method of interaction that follows established conventions and often uses professional or technical language.

Generation

A group of people born around the same time, who share similar cultural, social, and political attitudes.

Veteran

An individual with extensive experience or service in a particular field or occupation.