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Contract Law: Third Party Rights
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Contract Law: Third Party Rights

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Questions and Answers

What is the general rule regarding a 3rd person in a contract?

  • They have limited rights and obligations under the contract.
  • They have full rights and obligations under the contract.
  • They have no rights and obligations under the contract. (correct)
  • They have rights but no obligations under the contract.

    • What is the term for a stipulation in a contract that confers a favor upon a 3rd person?

  • Contract pour Autrui
  • Stipulation Pour Autrui (correct)
  • Third Party Benefit
  • Contract Beneficence

    • What is the type of beneficiary that seeks to discharge an obligation due from the promise to the 3rd person?

  • Creditor-Beneficiary (correct)
  • Donee-Beneficiary
  • Third Party Beneficiary
  • Promisee-Beneficiary

    • What is the requirement for a stipulation pour autrui to be valid?

    <p>The contracting parties must deliberately and clearly confer a favor upon the 3rd person.</p> Signup and view all the answers

    What is the exception to the general rule that a 3rd person has no rights and obligations under a contract?

    <p>All of the above</p> Signup and view all the answers

    What is the fundamental principle underlying a contract as stated in Article 1308?

    <p>That both parties have equal rights and obligations</p> Signup and view all the answers

    What is the consequence of a 3rd person making an evidently inequitable determination in a contract?

    <p>The courts decide what is equitable or just</p> Signup and view all the answers

    Under what condition can a 3rd person demand fulfillment of a contract that contains a stipulation in their favor?

    <p>When the stipulation is communicated to them before revocation</p> Signup and view all the answers

    What is the limitation on the liability of an heir in a contract?

    <p>They are liable only up to the value of the property received from the decedent</p> Signup and view all the answers

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