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How can a third party carrier be defined in the context of auto insurance?

In the context of auto insurance, a third party refers to anyone who is not a part of the insurance contract. This could include drivers of other vehicles on the road.


What occurs when a business and a union agree to arbitration to settle a dispute or to negotiate a contract?

they have an objective porfessional third party take part in decisions


What would happen if a party to a contract sign another contract with a third party concerning the same matter in earlier contract did the said party breaced the contract?

Signing two contracts regarding the same matter is fraudulent behavior, at the very least, on the part of the person who signed them both. Breaching a contract is failing to live up to the terms stated in the contract and the punishment for breach is generally stated in the contract. Whether or not a breach of contract has occurred is uncertain without seeing the documents in question. Fraudulent behavior is a crime, however, and the punishment will be decided by the laws of your state.


Can a general contractor with hold your money?

.... Is there some part of your contract that has not been fulfilled? .... Is the money being held in trust by a third party (lawyer) generally speaking, it's usually the party that requested and is paying for the task that with holds monies when the contractee doesn't fufill the expectation of the contract. You need to define the parameters of you situation


Is the Democratic Party a third party?

No, the Democratic Party is considered part of the USA's dominant two party system. Examples of third parties would be the Libertarian Party, the Green Party, and the Peace and Freedom Party.


Was Rousseau part of the third estate?

No, He was a genevan philosopher and the writer of "social contract".


What is 3rd Party Risk Assessment?

A third way is by some technical aspect, such as the database structure or interface type


What do you mean by privity of contract?

Privity of contract means actually being a part of the agreement. You cannot put obligations on someone that is not a party to the agreement.


Can third party open LC on seller on behalf of buyer what is the procedure?

A third party can open the LC on the seller. This part of the transaction must be done on behalf of the buyer.


What is a Imperfectly bilateral contract?

If only one of the parties undertakes a promise, it is referred to as "imperfect bilateral contract". For example, an agency contract without remuneration or loan contract without interest on a loan for use. In the latter, the borrower of the loan has only the obligation to return what he has borrowed whereas the other party has no counter obligation to fulfill.


What is Bank of America's loss payee clause?

The loss payee clause is part of the contract that states that of payment is made under the policy in relation to the insured risk, payment will be made to a third party. The payment will not go to the insured beneficiary of the policy.


Is it OK to use a vendor I learned about from your part time job for my own freelance assignments?

Yes, it's fine to use a third party vendor so long as you inform your clients about it and that security measures, like a work contract, are signed.