Third-Party Beneficiaries Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

What are the two types of intended beneficiaries?

A

(1) creditor beneficiary

(2) donee beneficiary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

B/w intended and incidental beneficiaries, who has standing to sue to enforce the K?

A

intended beneficiaries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are the three situations where the third-party beneficiary’s rights vest?

A

(1) beneficiary brings suit on the matter
(2) beneficiary relies on the K
(3) beneficiary accepts the K at the request of promisor
(4) rights vest under express K terms

How well did you know this?
1
Not at all
2
3
4
5
Perfectly