Define: Donee Beneficiary

A donee beneficiary is a person or entity who is designated to receive a gift or benefit under a contract or agreement.

A donee beneficiary receives a gift or benefit, while a creditor beneficiary receives payment for a debt owed to them.

Yes, a donee beneficiary can enforce the terms of a contract if they are specifically named and intended to receive a benefit.

Yes, a donee beneficiary can sue for breach of contract if the terms of the contract are not fulfilled.

It depends on the terms of the contract. If the contract allows for changes to the beneficiary, then it can be changed. Otherwise, the beneficiary cannot be changed without the consent of all parties involved.

Yes, a minor can be a donee beneficiary, but they may need a legal guardian to enforce their rights under the contract.

Yes, a corporation can be a donee beneficiary if it is specifically named and intended to receive a benefit under the contract.

Yes, a charity can be a donee beneficiary if it is specifically named and intended to receive a benefit under the contract.

Yes, a donee beneficiary can receive property instead of money if it is specified in the contract.

Yes, a donee beneficiary can waive their rights under the contract, but it must be done voluntarily and with full knowledge of the consequences.