An immediate estate or interest in or the benefit of a condition respecting any estate
may be taken by a person under an instrument, although he is not a party to such instrument;
and if a covenant or promise is made for the benefit, in whole or in part, of a person
with whom it is not made, or with whom it is made jointly with others, such person,
whether named in the instrument or not, may maintain in his own name any action thereon
that he might maintain as though it had been made with him only and the consideration
had moved from him to the party making such covenant or promise. In such action, the covenantor or promisor shall be permitted to make all defenses
he may have, not only against the covenantee or promisee, but also against such beneficiary.
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