A creditor beneficiary is one to whom the promisee owes no duty but for whom performance is a gift.

Name: A creditor beneficiary is one to whom the promisee owes no duty but for whom performance is a gift.
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A creditor beneficiary is one to whom the promisee owes a duty, and the performance of the contract fulfills that obligation. A donee beneficiary, on the other hand, is one for whom performance is a gift.

A Creditor Beneficiary Is One to Whom the Promisee Owes