How Is a Creditor Beneficiary Relationship Usually Formed

question 113

Multiple Choice

How is a creditor beneficiary relationship usually formed?

• A) a party buys a consumer good from a retail store and the retail store extends credit for the purchase
• B) a party buys a good second-hand from someone who borrowed money to purchase the good, and the second-hand buyer promises to pay the remaining balance of the loan
• C) a party purchases a good on credit, but the creditor requires a co-signer before the credit will be extended
• D) a party purchases a good from the seller, but asks the seller to deliver it as a gift to a third person
• E) a party borrows money from a bank prior to needing the funds to make the purchase

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First Word

The initial term or expression in a sequence of words, often carrying significant meaning or setting the tone for what follows.

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The total amount of money earned by an individual from their employment over the course of a year.

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A set of numerical values, calculated from statistics of a sample, which probably includes the value of an unidentified parameter of the whole population, with a specified degree of certainty.