Third Parties to a Contract Are Affected by the Contract

question 25

Multiple Choice

Third parties to a contract are affected by the contract if they:

• A) are witnesses to the contract.
• B) sign the contract.
• C) arethird-party beneficiaries or incidental beneficiaries.
• D) have rights under the contract.

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Definitions:

Liberal Rationale

Reasoning based on principles emphasizing freedom, democracy, and the importance of individual rights.

Eclectic Approach

A method that draws from multiple theories, styles, or ideas to create a comprehensive solution or understanding.

Ethical Reasoning

The process of evaluating and deciding the best course of action in situations that involve moral principles or values.

Cultural Norms

Shared expectations and rules that guide behavior within a group or society, often considered the standard for what is considered acceptable.