BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A third party beneficiary, in the law of contracts, is a person who may have the right to sue on a contract, despite not having originally been a party to the contract. This right arises where the third party is the intended beneficiary of the contract, as opposed to an incidental beneficiary.

Detailed explanation-2: -A third-party beneficiary is a person or business that benefits from the terms of a contract made between two other parties. In law, a third-party beneficiary may have certain rights that can be enforced if the contract is not fulfilled.

Detailed explanation-3: -Intended third-party beneficiary An intended beneficiary is an identified third-party that contracting parties intend to give benefits via their promised performances, like doing or not doing something or paying money.

Detailed explanation-4: -A donee beneficiary receives the benefit of a contract between two other parties as a gift from one of the parties to the contract. While donee beneficiaries stand to benefit from the fulfillment of a contract, they are not technically party to the contract.

Detailed explanation-5: -An incidental beneficiary is a person or legal entity that is not party to a contract and becomes an unintended third-party beneficiary to the contract. An incidental beneficiary is a third party who benefits from a contract between two other parties, but it is not intended that the third-party benefit.