All categories

4 years ago

Third-party beneficiary:

Business

2 answers:

Gnoma [55]4 years ago

4 0

Answer:

B, A person who is not a party to a contract but who the contracting parties meant to benefit from the contract and has rights to sue if the contract is not performed intended beneficiary

Explanation:

Like in the above answer, a third party beneficiary is simply a party C that is not initially included in a contract between party A and party B but that will benefit from the performance of the contract between parties Aand B.

As a third party in a contract, he/she can sue the non performance of the contract as it is in the power of the third party to.

Cheers.

polet [3.4K]4 years ago

4 0

Answer:

B. A person who is not a party to a contract but who the contracting parties meant to benefit from the contract and has rights to sue if the contract is not performed Intended beneficiary

Explanation:

Third party beneficiary is a person who may have the right to sue on a contract, despite not having originally been an active party to the contract

You might be interested in

_____ justice is based on the evaluation of outcomes or results of the business relationship.

Westkost [7]

This is distributive justice by defition

7 0

4 years ago

which of the following is not a reason to give yourself extra "cushion" when driving? poor visibility on the road poor road cond

Snezhnost [94]

<span>Cushion is the amount of distance you keep between you and the car in front of you that allows you to easily maneuver in any condition. Typical this distance is about 3 seconds.
You should a</span>dd one additional second for any condition that is less than perfect. Unperfect conditions are heavy traffic, not feeling well, or other distractions.
You should add two additional seconds to your space cushion if the it is raining or snowing. <span>Each of the given reason (poor visibility, poor road conditions, inclement weather) is a reason to give yourself extra "cushion" when driving. </span>

3 0

4 years ago

Mr. Smith believes that there is going to be rise in the equities market. Based on this information, what would allow Mr. Smith

White raven [17]

Answer:

The answer is 'Buy a Stock Index Future'

Explanation:

To take best advantage of this situation, Mr Smith should go long(buy) on this stock.

Stock Index Future js a method of derivates. Futures, like forward contract is a forward commitment which obligates the buyer to purchase an asset or the seller to sell an asset and have a predetermined future date and price. Future is used to hedge against worse future situations.

7 0

4 years ago

Swifty Corporation reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw mater

ale4655 [162]

Answer:

$27,000,000

Explanation:

Cost of Goods Manufactured = Direct Material Used + Direct Labor + Manufacturing Overhead + Opening Work In Progress - Closing Work In Progress

When Direct Material Used = Beginning raw materials inventory + Raw materials purchased + Ending raw materials inventory

Direct Material Used = 300,000 + 1,060,000 - 480,000 = 880,000

Direct Material Used = $880,000

Hence, Cost of Goods Manufactured = 880,000 + 820,000 + 820,000 + 1,080,000 - 900,000

Cost of Goods Manufactured= $27,000,000

Swifty Corporation's cost of goods manufactured for the year is $27,000,000

8 0

3 years ago

What model of representation allows representatives to act with autonomy and independence when making decisions?

SCORPION-xisa [38]

Answer: trustee model of representation

Explanation:

The trustee model of representation is a model for how we should understand the role of representatives, and is frequently contrasted with the delegate model of representation

4 0

3 years ago