Question Completion Status: Moving to the next question prevents changes to this answer. Question 38 A third-party beneficiary is one which does not have privity of contract, but is known to the contracting parties and intended to benefit under the contract has failed to establish legal standing before the court may establish legal standing before the court after a contract has been consummated Odoes not have privity of contract and is unknown to the contracting parties Moving to the next question prevents changes to this answer 20 F3 4