A Donee Beneficiary

question 45

Multiple Choice

A donee beneficiary

• A)is not entitled to enforce a contract against either party.
• B)usually does not give consideration in return for the gift.
• C)will generally become a creditor beneficiary after his or her rights vest.
• D)is an incidental beneficiary.

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Definitions:

Minority-Owned Organization

A business enterprise that is at least 51% owned, operated, and controlled by individuals from a recognized minority group.

Senior Citizens

Individuals who have reached a certain age, often considered to be the retirement age, and are usually entitled to various benefits.

Occupational

Relating to a job or profession, especially in terms of the skills, knowledge, and activities associated with it.

Cohort Subcultures

Groups within an organization or society that share common values or characteristics, typically based on age or generation.