Third-party beneficiary trust
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 39 U.S. 19 - The President and Directors of the Bank of the Metropolis v. Erastus Guttschlick · 1840Most cited · 57 citing opinions
where a trust is created for the benefit of a third party, though without his knowledge at the time, he may affirm the trust, and enforce its execution.