Randy and Donald Were Property Developers, and They Decided to Construct

question 41

Multiple Choice

Randy and Donald were property developers, and they decided to construct a condominium in a certain neighborhood. Jim, who owned a chain of restaurants, heard of this agreement and opened a new restaurant in the same neighborhood even before the condominium construction began. However, the plan for the condominium was not approved by the state authorities, and the project was cancelled. Jim suffered losses as a result, but he had no rights in the contract because he was a(n) :

• A) material beneficiary.
• B) substantial beneficiary.
• C) incidental beneficiary.
• D) third-party beneficiary.

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Definitions:

Host Country

A country in which an international business operates.

Universal Marketing Strategy

A strategy that proposes the use of a single marketing approach globally, disregarding regional or local differences.

Global Operations

Global operations refer to the business activities and strategies that a company employs to operate in international markets, including manufacturing, sales, logistics, and customer service.

Host Country

The country in which a multinational company operates a facility outside of its home country.