Third party beneficiary

enforceable contract was very useful. A contract, is a promise that is supported by a benefit, or a bargain. This promise, or offer, has to be clearly accepted and the parties need to share a common intent and understanding of the formation. The offer cannot be an invitation. It must be a clear intent to enter into an agreement by the offeror. It must state the consideration in its terms and it must be accepted or rejected by the offeree. A contract can be done verbally or in writing. The U.C.C. requires some contracts to be done in writing such as leases and sale of goods over $500. Acceptance has to be definite and clearly show…

I. Introduction The parties involved in this problem are: 1. Benedict the owner of a 9 ha farmland; 2. Adrian the purchaser of the 9 ha land; and 3. Catherine a beneficiary of the purchase price. The primary issue raises by the problem is one of contract interpretation and the approach should be in accordance with the meaning which the parties actually attached to the words in dispute.¹ Specifically, two issues concern Benedict and the other two parties: 1. Whether Benedict can enforce the…

the problems that arose from production of the collegiate sports games. The players in the games were spitting images of some of the legends in college sports where they looked like, played like, and acted like the athlete and the athlete wasn’t seeing any of the profits. Signing the scholarship from the NCAA signs away all marketing rights. Student athletes are considered third parties to the official contract signed between the university and the NCAA. They are not considered a third party…

The Importance of Naming Beneficiaries One of the most overlooked yet important elements of estate planning is the naming of beneficiaries. When opening an IRA, a retirement account at work, or purchasing an insurance policy, the owner (account holder) is asked to name a beneficiary, and most name a spouse or children. It is important to name a beneficiary to prevent property from having to pass through probate, the legal process of settling an estate after death, which can be a long and…

event of death without a will, the trust can be used for managing the entitled assets. Calabasas Trust Administration Attorney A trust administration attorney can explain the different types of trusts to decide what works best for the situation. In setting up a trust, it needs a federal tax identification to transfer the assets to the trust. If the distribution plan involves multiple trusts, each trust needs its own federal tax identification for entitlement. Assets not retitled to the trust…

Third party logistics A company that manages logistics operations of another company is known as a third party logistics company. The process of outsourcing the logistics and distribution activities is the 3PL and the service providers usually expertise in warehousing, transportation, inventory management, packaging and freight forwarding. These administrations are scaled and modified to the client 's particular needs taking into account their economic situations and the distinctive requests…

In this competitive business environment, the ability for companies to cut cost always gives them the advantage. Third party logistics is the kind of collaboration that aids in the reduction of shipping cost for some businesses. The spirit of collaborating with 3pl has lead to increase efficiency in the world of logistics, and that’s because instead of companies taking up the logistics role by themselves, they now have a shipping expert conducting shipping activities for the company. “To…

Although commercial surrogacy is legal in some parts of the United States the cost in India is less than one third the cost of anywhere else. At a glance you would say that it looks like a great alternative because a poor surrogate can get very much needed money and the infertile couples get there long desired baby. Along with the country earning foreign currency. But research a little bit more you see more facts and go deeper into the bitter truth. India lacks of a proper legislation, so in the…

The novel, “Brave New World,” depicts a utopian society called the World State. Ironically, one may say, this world is far from the definition of what many may consider perfect. In this fictional society, the traditional values and moral that most in our society are accustomed to, especially during the time period which the book was published, are absent or seen as taboos. However, half a century later, not only is our society not far from the World State and implementing the wrong ideas from…

House, Friday May 13th 2016. Obama has stated that if public schools do not abide by allowing transgender students to use the bathrooms matching their gender identity, the schools will face the loss of federal funds. Public schools are being forced to be more secretive to the needs of transgender students. Yes, people are finding it difficult to adjust to this change, but people need to listen and try to understand in order to learn both sides. How are transgender students supposed to learn if…