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GENB 4350 CH 13
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a person who is not a party to a contract but is intended by the contracting parties to benefit as a consequence of a contract
third-party beneficiary
a person who will benfit as an indirect consequence of a contract, although that was not the intent of the contracting parties
incidental beneficiary
the tranfer of a contract right to athird party who can recieve benefits of a contract
assignment
the person who transfers his or her rights in an assignment
assignor
the third party to whom rights are transferred in an assignment
assignee
the party who guarantees the promises assigned
guarantor
a contract in which serices that require a unique skill, talent, ability, and so forth are provided by a specific person
personal-service contract
a situation in which all parties to a contract agree to a significant change to a contract
novation
Author
dariusnavy
ID
162867
Card Set
GENB 4350 CH 13
Description
GENB 4350 CH 13
Updated
2012-07-17T18:55:01Z
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