Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
A creditor beneficiary is a third party that benefits from a contract in which the promisor agrees to pay the promisee's debt
A creditor beneficiary may be defined as the beneficiary who is being owed or being believed to be owed with a legal obligation by a promisee which is provided upon a promisor's execution of his or her portion of a contract or agreement.
"Creditor beneficiary" is a term which refers to a legal entity that will benefit intentionally from an agreement which has been put in place to satisfy or reduce a debt.
A creditor beneficiary is a special type of third-party beneficiary. Creditor beneficiaries are not active parties in the execution of the agreement which they are to benefit from.
To know more about credit beneficiary here:
https://brainly.com/question/20317437
#SPJ4
We appreciate your time. Please come back anytime for the latest information and answers to your questions. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
