An ________ Refers to a Third Party Who Acquires Rights

question 4

Multiple Choice

An ________ refers to a third party who acquires rights under other people's contracts.

• A) obligee
• B) obligor
• C) assignee
• D) incidental beneficiary

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Definitions:

Atmosphere

The layer of gases surrounding Earth or another planet, essential for life as it provides air to breathe and protects from solar radiation.

Warmer World

A scenario indicating an increase in the Earth's average temperature, often associated with global climate change phenomena.

Hurricanes

Powerful tropical storms with heavy rain and winds exceeding 74 miles per hour, typically forming over warm ocean waters.

Droughts

Extended periods of low precipitation causing shortage of water, affecting ecosystems, agriculture, and water supply.