State X Hired Build-Right Construction to Build a Bridge

question 25

Multiple Choice

State X hired Build-Right Construction to build a bridge.State X required that construction be completed within 2 years after the contract was signed.Les Johnson is the president of Build-Right.State X required that Build-Right's promise to perform be guaranteed by a third party.Build-Right purchased a performance bond from Rock Solid Indemnity.The bond requires Rock Solid to be responsible if Build-Right does not have the project completed on time.In this scenario,which party is the obligee?

• A)State X
• B)Build-Right Construction
• C)Les Johnson
• D)Rock Solid Indemnity

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Definitions:

Inductive Reasoning

A logical process in which multiple premises, all believed true, are combined to obtain a specific conclusion.

Longitudinal Research

A research design that follows the same individuals over time.

Cross-sectional Research

A research method that involves analyzing data from a population, or a representative subset, at a specific point in time to identify trends and patterns.

Intellectual Development

The process in which a person's cognitive abilities and capacity for logical thinking evolve over time.