Practice question
A company knows two other persons made a revenue-sharing contract, but it did not join or become bound by it. Can knowledge alone provide the missing contractual tie to a deposit beneficiary?
- No; Lorenzo Shipping rejects binding a third person merely on that basis
- Yes; awareness automatically creates privity
- Yes; all information creates a debt
- Yes; the beneficiary may impose any contract
- Yes; silence always transfers ownership
Legal references
- Guerrero Estate v Leviste GR253428 February16,2022 MAIN: https://lawphil.net/judjuris/juri2022/feb2022/gr_253428_2022.html
- Lorenzo Shipping v Villarin GR175727/178713 March6,2019 MAIN: https://lawphil.net/judjuris/juri2019/mar2019/gr_175727_2019.html
Answer this question in flashcards to review your response and continue practicing.