I've always heard of this term and I've looked it up in legal dictionaries but never understood what this term means. Could someone please explain the definition of "third party" in a simple manner?
2006-12-19 11:54:29 · 6 answers · asked by paulforrest 1 in Politics & Government ➔ Law & Ethics
its the guy peeping in your window watching you and your spouse making love.
2006-12-19 11:57:56 · answer #1 · answered by snowsnake 3 · 0⤊ 0⤋
It usually refers to someone who is not a party to the transaction. Perhaps the term "outside party" my be a little more accurate. If you and I have a contract, we are the first party and second party to the contract. Your accountant has nothing to do with the contract and would be considered a third party.
2006-12-19 20:25:49 · answer #2 · answered by Carl 7 · 0⤊ 0⤋
Take a look at the site below for Legal Terms. Change to the State you live in. You might have to do a search.
2006-12-19 20:47:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It depends on how its used. Here is one example...
If you have a life insurance policy taken out with a large insurance company and your child is the beneficiary then you are one party, the insurance company is another party, and the child is the third party.
2006-12-19 20:20:54 · answer #4 · answered by a 4 · 0⤊ 0⤋
the third party dose not have any concern or interst with the first/second party.
2006-12-19 20:24:23 · answer #5 · answered by robert 1 · 0⤊ 0⤋
you and your bank are first or first/second parties...if you are put into collections, the collection company is the third pary
2006-12-19 20:04:23 · answer #6 · answered by cott 2 · 1⤊ 0⤋