Which of the Following Involves a Creditor Beneficiary Relationship

question 64

Multiple Choice

Which of the following involves a creditor beneficiary relationship?

• A) A contract where the insured names a bank with which he has a loan as the beneficiary of a life insurance policy.
• B) A contract between an employer and a union representing the employees which is made for the benefit of the employees.
• C) A contract between the owner of a building and the contractor stating that the contractor will pay the contractor's employees at a stated rate.
• D) A contract between a governmental unit and business for services to be rendered to area citizens.

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Definitions:

Sustainability Doctrines

Principles and practices aimed at ensuring environmental protection, social equity, and economic viability for long-term preservation.

Mission Statement

A mission statement is a brief description of an organization's fundamental purpose, outlining its goals and guiding principles.

American Red Cross

A humanitarian organization that provides emergency assistance, disaster relief, and education in the United States.

Human Suffering

The experience of physical, psychological, or emotional pain or distress by humans.