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Re: [At-Large] [NA-Discuss] Suggestion: Name the public as intended beneficiary of RALO MOUs



In Italy we would solve the matter in a different way, with a different type
of contract, but I am not sure that this would be considered a proper way in
some other parts of the world....
;>)

 

> -----Original Message-----
> From: alac-bounces@xxxxxxxxxxxxxxxxxxxxxxx 
> [mailto:alac-bounces@xxxxxxxxxxxxxxxxxxxxxxx] On Behalf Of 
> Bret Fausett
> Sent: 23 March 2007 20:55
> To: Vittorio Bertola; Wendy Seltzer
> Cc: ALAC; Michael Maranda; na-discuss@xxxxxxxxxxxxxxxxxxxxxxx
> Subject: 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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