Re: [At-Large] [NA-Discuss] Suggestion: Name the public as intended beneficiary of RALO MOUs
On 3/23/07 11:48 AM, "Vittorio Bertola" <vb@xxxxxxxxxx> wrote:
> I must say that this concept of a private contract between A and B which
> can be used by a third party C for sueing A is something a bit out of my
> understanding, I think there's nothing like that in Italy...
Just as background, in the U.S., people who are intended to benefit from a
contract to which they are not parties are allowed to sue, as "third-party
beneficiaries," when their interests are affected adversely.
For example, let's say I give you $100,000 and I ask you to invest it for
the benefit of my children, and you agree to pay it out to them when they
reach the age of 21, minus your administrative fees. You take the money and
spend it on a single hand of blackjack in Monaco, and you lose all the
money. My children can sue you, even though they didn't have an agreement
with you. I wouldn't be surprised if you have some similar laws in Italy
(and elsewhere).
In the U.S., this right of intended beneficiaries to sue is typically
implied into every contract.
Bret
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