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QUESTION
Describe the purpose of a third party beneficiary contract and explain two common types. You have just won a contract with the federal government.
- Describe the purpose of a third party beneficiary contract and explain two common types.
- You have just won a contract with the federal government. You are the prime contractor and plan on using subcontractors. Explain the Privity of Contract Rule for this government contract.
- What is breach of contract? Summarize the remedies available for breach of contract and damages.
- Describe a liquidated damages clause and specify when this type of clause may be used in a business contract.
