Third-Party Beneficiaries to a Contract

Third-Party Beneficiaries to a Contract

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial explains the concept of third-party beneficiaries in contracts. It begins by defining a third-party beneficiary and the general rule that contracts are enforceable only between the parties involved. Exceptions occur when a third-party beneficiary is intentionally included. The video distinguishes between donee beneficiaries, who receive benefits as a gift, and creditor beneficiaries, who receive benefits in exchange for a debt. It also clarifies that incidental beneficiaries, who are not intentionally included, have no rights to enforce the contract.

Read more

1 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF