Question: A owes C $ 1 0 0 . A sells a horse to B for $ 1 0 0 for which B promises to pay

A owes C $100. A sells a horse to B for $100 for which B promises to pay C $100 in discharge of As debt to C. In this case, C is:
a. a third party donee beneficiary
b. an incidental beneficiary
c. a third party creditor beneficiary

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

Stock redemption is generally treated as an exchange, in which the stockholders give up their stock in exchange for cash or property. However, the Internal Revenue Code (IRC) does provide...

Q:

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

Q:

Question 7 [10] Briefly discuss the question whether in each of the following instances X has committed theft, robbery or neither and give a reason for your answer. a) X's neighbour, Y, owes X R2...

Q:

Oui Time value and discount atas Personal Finance Pro You you.00 10 years What is the last you will sell your chamforyou.com (1) 0% ring the (2) 12% (3) 16% b. Rework parta under the assumption that...

Q:

1. Isaac Inc. began operations in January 2013. For certain of its property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes,...

Q:

When an agreement has been signed between an agent and a third party on behalf of a disclosed principal. Which of the following statement is correct: None of the above. The agent may enforce the...

Q:

1. "An agreement enforceable by law is a contract." Discuss the statement explaining the essentials of a valid contract. 2. Distinguish between void contract & voidable contract. 3. Ajith invites...

Q:

what needs to go in the yellow fields? Marketing Analytics Saved Marketing Analytics: New Products Taylor Smith owns a small clothing company, Cuteness for You that offers an online subscription and...

Q:

Which of the following is an employer solely responsible for and thus an employee will never see on their paycheque? Select one: Q a. Worker's compensation O b. Canada Pension Plan D (2. Income tax O...

Q:

Cancer cells heavily utilise glycolysis to convert glucose to pyruvate. However, they also decrease the uptake of pyruvate into the mitochondria even when oxygen is present. Which of the following...

Q:

(Pension Worksheet) Larson Corp. sponsors a defined-benefit pension plan for its employees. On January 1, 2011, the following balances related to this plan. Plan assets (market-related value) ? ? ? ?...

Q:

12. Challenge: Translate the following C++ expression to assembly language, using the example presented earlier in this chapter as a guide: X = (Y * 4) + 3.

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...