1.B
Third parties need not have been in existence when the contract was formed but must be expressly identified in the contract. The Act does not confer rights to third parties in respect of a company's constitution or employment contracts.
2.A
The golden rule states that words in a statute should be given their plain, ordinary meaning unless this would give rise to a manifest absurdity or inconsistency with the rest of the statute. The mischief rule states that judges should consider what mischief the Act was trying to prevent. The contextual rule states that a word should be construed in its context.
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