Pension and Severance Pay Are the Examples of the Property

question 56

Multiple Choice

Pension and severance pay are the examples of the property rights given to the ________.

• A) suppliers
• B) customers
• C) workforce
• D) shareholders

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Definitions:

Agency

A relationship between two parties, where one party (the agent) is authorized to act on behalf of another (the principal) in business transactions.

Assignments Valid

Transfers of rights, duties, or property that are legally recognized and enforceable.

Notice

Formal communication or warning, often required by law or agreement, to inform a party about an action or condition.

Intended Beneficiary

A third party for whom a contract is created to benefit, giving them certain rights to enforce the contract.