Claudia Contracts with Friendly Paving Co

question 14

Multiple Choice

Claudia contracts with Friendly Paving Co.to install a new driveway.To pay for this work,Claudia transfers to Friendly Paving Co.her right to receive payment from Clifford for a loan she made him.Friendly Paving Co.is now a(n) :

• A)creditor beneficiary.
• B)donee beneficiary.
• C)executor.
• D)fiduciary.

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Definitions:

Workers' Compensation

A type of insurance that offers medical benefits and replaces wages for workers injured while performing their job duties.

Serious Accident

An unexpected and unfortunate occurrence resulting in significant injury, damage, or loss, usually requiring immediate intervention.

Crisis Management Teams

Groups of individuals within an organization tasked with preparing for, responding to, and managing crises or emergencies that affect the organization's operations or reputation.

Guilt

A psychological condition characterized by feelings of responsibility or remorse for some offense, crime, wrong, etc., whether real or imagined.