If a Contract Requires That Performance Be Rendered Directly to a Third

question 9

True/False

If a contract requires that performance be rendered directly to a third party, the third party is an intended beneficiary.​

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Definitions:

Emissions Tax

A tax imposed on companies based on the amount of pollution their operations emit, aimed at encouraging environmentally friendly practices.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, meaning higher income earners pay a higher rate of tax.

Environmental Emissions

Pollutants released into the air, water, or soil as a result of industrial processes, transportation, or other activities.

Cap-And-Trade

An environmental policy tool that sets a limit on emissions and allows companies to buy and sell allowances for a certain amount of pollution, incentivizing reductions.