The rights of a third party beneficiary under a contract with two other parties vest when the conditions for vesting are satisfied.

Question

Quizplus · Accepted Answer

This statement is true. The third party beneficiary's rights under a contract will come into effect and be enforceable once the conditions for vesting those rights are met. Once the rights are vested, the third party beneficiary may take legal action to enforce them if necessary.

The Rights of a Third Party Beneficiary Under a Contract