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Third party beneficiary contracts - PowerPoint PPT Presentation

Chapter 11

Chapter 11. Interpretation and Third Parties. I. Interpretation and Legislation. A. Civil Code. If the parties cannot resolve their differences, it becomes necessary for the court to interpret what the contract means

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Twomey & Jennings BUSINESS LAW

Twomey & Jennings BUSINESS LAW. Chapter 18 Third Persons and Contracts . Third Party Beneficiary Contracts. When a contract shows a clear intent to benefit a third person or class of persons, those persons are called intended third party beneficiaries.

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Third Party Beneficiary Contracts

Third Party Beneficiary Contracts. Agreements in which the original intent of one of the contracting parties, when entering into the contractual agreement, is to have the promised-for consideration pass not to her, but to some outside person. Two Types of Third Party Beneficiary Contracts.

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Third party beneficiary contracts - PowerPoint PPT Presentation

Chapter 11

Twomey &amp; Jennings BUSINESS LAW

Third Party Beneficiary Contracts

Twomey & Jennings BUSINESS LAW