A contract for life insurance with a named beneficiary is an example of a donee beneficiary contract.
Correct Answer:
Verified
Q44: A covenant is an unconditional promise to
Q45: If the promisor fails to perform in
Q46: An incidental third-party beneficiary can enforce the
Q47: If the transfer of a contract to
Q48: Incidental third-party beneficiaries may be classified as
Q49: Third-party beneficiaries are either intended or incidental
Q51: The majority of provisions in contracts are
Q51: An incidental beneficiary has no rights to
Q52: A qualified promise is another name for
Q55: In many instances,the parties to a contract
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