In General,an Incidental Beneficiary Has No Enforceable Contract Rights Because

question 48

True/False

In general,an incidental beneficiary has no enforceable contract rights because she was not intended to have such rights.

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Definitions:

Compounded

The process where the value of an investment increases because the earnings on an investment, both capital and interest, earn interest as time passes.

Monthly

Occurring, produced, or executed once every month.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of retirement planning.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, intended to support retirement.