QUESTION $1$

Please match the defined term to its definition.

$$ One for whose benefit a promise is made in a contract but who is not a party to the contract.

Principle that a contract is a private agreement between the parties who have entered into it$,$ and traditionally these parties alone have rights and liabilities under the contract.

$$ The transfer of a contractual duty to a third party.

$$ The transfer of a contractual right to a third party.