When a person enters into a contract with the intent to confer a benefit or gift to an intended third party,the contract is called a ________ contract.
A) Good Samaritan
B) Solomonic
C) donee beneficiary
D) residual
E) declaratory

Question

Quizplus · Accepted Answer

A donee beneficiary contract is created when the parties entering into the contract intend to confer a benefit or gift to a third party. The third party is known as the donee beneficiary, and although they are not a party to the contract, they can still enforce the contract if the parties fail to perform their obligations. Good Samaritan contracts refer to situations where someone voluntarily helps another person in an emergency, Solomonic contracts refer to situations where a third party settles a dispute between two other parties, residual contracts do not have a clear definition in contract law, and declaratory contracts are contracts that declare the rights and obligations of the parties.

When a Person Enters into a Contract with the Intent