What Is the Defining Characteristic of a Creditor Third-Party Beneficiary

question 93

Multiple Choice

What is the defining characteristic of a creditor third-party beneficiary?

• A) The benefit received by the third-party beneficiary is a gift.
• B) The third-party beneficiary has also been delegated a duty.
• C) The third-party beneficiary was not intended to receive a benefit.
• D) The third-party beneficiary has preexisting obligations related to the contract.
• E) The third-party beneficiary status arose out of the assumption of a loan agreement.

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Definitions:

Destructive Environments

Environments that negatively impact living conditions and biodiversity through pollution, habitat destruction, and climate change.

Frances Willard

An American educator, temperance reformer, and women's suffragist who became president of the Woman's Christian Temperance Union (WCTU) in 1879.

WCTU

The Woman's Christian Temperance Union, an organization that was instrumental in the temperance movement, advocating for the prohibition of alcohol.