Lipshie v. Tracy Investment Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that an intended third-party beneficiary must show that the parties to the contract clearly intended to benefit the third party and that the third party's reliance on the contract was foreseeable
• holding that a non-party to a contract must demonstrate that a contract clearly intended to benefit him and that his reliance on the contract was foreseeable in order to establish third-party beneficiary status
• holding that \the fact that [company 1] owned all shares of [company 2] and that the officers of [company 1 and company 2] were identical\ was insufficient to satisfy the first two requirements of the alter ego doctrine
• noting that an individual obtains third-party-beneficiary status when contracting parties demonstrate a clear intent to benefit the individual, a third party, by their contract
• holding 18 that “the fact that [company 1] owned all shares of [company 2] and that the officers of 19 [company 1 and company 2] were identical” was insufficient to satisfy the first two 20 requirements of the alter ego doctrine
• stating that third-party beneficiary status exists where (1

Source: CourtListener parenthetical corpus (CC0).