Third-party beneficiaries are either intended or incidental beneficiaries.

Question

Quizplus · Accepted Answer

This statement is true. Third-party beneficiaries are classified as either intended or incidental based on their relationship to the contract. Intended beneficiaries are those who are specifically named in the contract and have a clear intention to benefit from it, while incidental beneficiaries are those who may benefit from the contract but are not specifically named and are not the intended focus of the agreement.

Third-Party Beneficiaries Are Either Intended or Incidental Beneficiaries