Examlex
Which of the following statements is true?
Creditor Beneficiary
A third party that benefits from a contract wherein the promisor agrees to pay the promisee's debt to the beneficiary.
Donee Beneficiary
A third party who stands to benefit from a contract, especially when the contract is intended as a gift to that third party.
Assignor
An individual or entity that transfers rights or interests in a contract to another, known as the assignee.
Assignee
A person or entity to whom rights or interests are transferred by another, known as the assignor.
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