Third-Party Beneficiaries
| Description: This quiz covers the concept of third-party beneficiaries in contract law, including their rights, remedies, and defenses. | |
| Number of Questions: 14 | |
| Created by: Aliensbrain Bot | |
| Tags: contract law third-party beneficiaries |
What is a third-party beneficiary in a contract?
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A person who is not a party to the contract but who receives a benefit from it.
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A person who is a party to the contract but who does not receive a benefit from it.
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A person who is not a party to the contract but who is harmed by it.
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A person who is a party to the contract and who is harmed by it.
A third-party beneficiary is a person who is not a party to a contract but who receives a benefit from it. This benefit can be anything of value, such as money, property, or services.
What are the two main types of third-party beneficiaries?
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Intended beneficiaries and incidental beneficiaries.
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Direct beneficiaries and indirect beneficiaries.
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Primary beneficiaries and secondary beneficiaries.
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Vested beneficiaries and contingent beneficiaries.
The two main types of third-party beneficiaries are intended beneficiaries and incidental beneficiaries. Intended beneficiaries are those who the parties to the contract intended to benefit from the contract. Incidental beneficiaries are those who receive a benefit from the contract but who were not intended to benefit from it.
What rights do intended third-party beneficiaries have?
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The right to enforce the contract.
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The right to sue for breach of contract.
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The right to receive the benefit of the contract.
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All of the above.
Intended third-party beneficiaries have the right to enforce the contract, the right to sue for breach of contract, and the right to receive the benefit of the contract.
What defenses can a promisor assert against an intended third-party beneficiary?
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The defense of lack of privity.
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The defense of impossibility.
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The defense of frustration of purpose.
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All of the above.
A promisor can assert the defense of lack of privity, the defense of impossibility, and the defense of frustration of purpose against an intended third-party beneficiary.
What is the doctrine of promissory estoppel?
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A doctrine that prevents a promisor from revoking a promise that has been relied upon by a third party.
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A doctrine that allows a third party to enforce a contract even if they are not a party to the contract.
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A doctrine that imposes a duty on a promisor to disclose all material facts to a third party.
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A doctrine that allows a third party to recover damages from a promisor for breach of contract.
The doctrine of promissory estoppel prevents a promisor from revoking a promise that has been relied upon by a third party. This doctrine is based on the principle that it would be unfair to allow a promisor to make a promise that they know will be relied upon by a third party and then later revoke that promise.
What are the elements of a promissory estoppel claim?
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A promise, reliance on the promise, and a detriment suffered as a result of the reliance.
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A promise, a benefit conferred on the promisor, and a detriment suffered by the promisee.
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A promise, a duty to disclose, and a breach of that duty.
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A promise, a misrepresentation, and a reliance on the misrepresentation.
The elements of a promissory estoppel claim are a promise, reliance on the promise, and a detriment suffered as a result of the reliance.
What is the difference between a third-party beneficiary and an assignee?
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A third-party beneficiary is a person who receives a benefit from a contract, while an assignee is a person who takes over the rights and obligations of a party to a contract.
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A third-party beneficiary is a person who is not a party to a contract, while an assignee is a person who is a party to a contract.
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A third-party beneficiary is a person who is harmed by a contract, while an assignee is a person who benefits from a contract.
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A third-party beneficiary is a person who is not a party to a contract and who is harmed by it, while an assignee is a person who is a party to a contract and who benefits from it.
A third-party beneficiary is a person who receives a benefit from a contract, while an assignee is a person who takes over the rights and obligations of a party to a contract. Assignees are typically parties to the contract, while third-party beneficiaries are not.
Can a third-party beneficiary enforce a contract?
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Yes, if they are an intended beneficiary.
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Yes, if they are an incidental beneficiary.
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No, third-party beneficiaries cannot enforce contracts.
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It depends on the jurisdiction.
Intended third-party beneficiaries can enforce a contract, but incidental third-party beneficiaries cannot. This is because intended third-party beneficiaries are parties to the contract, while incidental third-party beneficiaries are not.
What is the difference between a third-party beneficiary and a creditor beneficiary?
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A third-party beneficiary is a person who receives a benefit from a contract, while a creditor beneficiary is a person who is owed money under a contract.
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A third-party beneficiary is a person who is not a party to a contract, while a creditor beneficiary is a person who is a party to a contract.
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A third-party beneficiary is a person who is harmed by a contract, while a creditor beneficiary is a person who benefits from a contract.
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A third-party beneficiary is a person who is not a party to a contract and who is harmed by it, while a creditor beneficiary is a person who is a party to a contract and who benefits from it.
A third-party beneficiary is a person who receives a benefit from a contract, while a creditor beneficiary is a person who is owed money under a contract. Creditor beneficiaries are typically parties to the contract, while third-party beneficiaries are not.
What is the difference between a third-party beneficiary and a donee beneficiary?
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A third-party beneficiary is a person who receives a benefit from a contract, while a donee beneficiary is a person who receives a gift under a contract.
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A third-party beneficiary is a person who is not a party to a contract, while a donee beneficiary is a person who is a party to a contract.
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A third-party beneficiary is a person who is harmed by a contract, while a donee beneficiary is a person who benefits from a contract.
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A third-party beneficiary is a person who is not a party to a contract and who is harmed by it, while a donee beneficiary is a person who is a party to a contract and who benefits from it.
A third-party beneficiary is a person who receives a benefit from a contract, while a donee beneficiary is a person who receives a gift under a contract. Donee beneficiaries are typically not parties to the contract, while third-party beneficiaries can be either parties to the contract or not.
What is the difference between a third-party beneficiary and a contingent beneficiary?
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A third-party beneficiary is a person who receives a benefit from a contract, while a contingent beneficiary is a person who receives a benefit from a contract only if a certain event occurs.
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A third-party beneficiary is a person who is not a party to a contract, while a contingent beneficiary is a person who is a party to a contract.
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A third-party beneficiary is a person who is harmed by a contract, while a contingent beneficiary is a person who benefits from a contract.
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A third-party beneficiary is a person who is not a party to a contract and who is harmed by it, while a contingent beneficiary is a person who is a party to a contract and who benefits from it.
A third-party beneficiary is a person who receives a benefit from a contract, while a contingent beneficiary is a person who receives a benefit from a contract only if a certain event occurs. Contingent beneficiaries are typically not parties to the contract, while third-party beneficiaries can be either parties to the contract or not.
What is the difference between a third-party beneficiary and a vested beneficiary?
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A third-party beneficiary is a person who receives a benefit from a contract, while a vested beneficiary is a person who has a right to receive a benefit from a contract.
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A third-party beneficiary is a person who is not a party to a contract, while a vested beneficiary is a person who is a party to a contract.
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A third-party beneficiary is a person who is harmed by a contract, while a vested beneficiary is a person who benefits from a contract.
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A third-party beneficiary is a person who is not a party to a contract and who is harmed by it, while a vested beneficiary is a person who is a party to a contract and who benefits from it.
A third-party beneficiary is a person who receives a benefit from a contract, while a vested beneficiary is a person who has a right to receive a benefit from a contract. Vested beneficiaries are typically parties to the contract, while third-party beneficiaries can be either parties to the contract or not.
What is the difference between a third-party beneficiary and a remainder beneficiary?
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A third-party beneficiary is a person who receives a benefit from a contract, while a remainder beneficiary is a person who receives a benefit from a trust.
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A third-party beneficiary is a person who is not a party to a contract, while a remainder beneficiary is a person who is a party to a contract.
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A third-party beneficiary is a person who is harmed by a contract, while a remainder beneficiary is a person who benefits from a contract.
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A third-party beneficiary is a person who is not a party to a contract and who is harmed by it, while a remainder beneficiary is a person who is a party to a contract and who benefits from it.
A third-party beneficiary is a person who receives a benefit from a contract, while a remainder beneficiary is a person who receives a benefit from a trust. Remainder beneficiaries are typically not parties to the trust, while third-party beneficiaries can be either parties to the trust or not.
What is the difference between a third-party beneficiary and a reversionary beneficiary?
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A third-party beneficiary is a person who receives a benefit from a contract, while a reversionary beneficiary is a person who receives a benefit from a life estate.
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A third-party beneficiary is a person who is not a party to a contract, while a reversionary beneficiary is a person who is a party to a contract.
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A third-party beneficiary is a person who is harmed by a contract, while a reversionary beneficiary is a person who benefits from a contract.
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A third-party beneficiary is a person who is not a party to a contract and who is harmed by it, while a reversionary beneficiary is a person who is a party to a contract and who benefits from it.
A third-party beneficiary is a person who receives a benefit from a contract, while a reversionary beneficiary is a person who receives a benefit from a life estate. Reversionary beneficiaries are typically not parties to the life estate, while third-party beneficiaries can be either parties to the life estate or not.