Third Party contracts are sometimes difficult to understand for a lot of students. When thinking of Third

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Third Party contracts are sometimes difficult to understand for a lot of students. When thinking of Third party contracts look to the intent to benefit and who has a right to enforce the contract. For instance let's discuss this fact pattern: Nancy Neighbor's home is in serious disrepair and is diminishing the value of the neighborhood due to its poor condition. Nancy Neighbor pays a Peter Painter $10,000 to paint and repair her house, which is a fair price and market rate for a house of that size. Peter Painter defaults on the contract. Nancy Neighbor is unable to pay the cost of litigation for a suit against Peter Painter and does not bring an action against Peter. Suzy, a neighbor of Nancy Neighbor is outraged that the painting is not be completed and claims that she is harmed because the painting was not completed. If the house and repaired were painted she calculated that her house would increase in value to by $20,000. Suzy claims she has a right to sue Peter under this theory. Discuss
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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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