A Life Insurance Policy Beneficiary Is a Good Example of A

question 35

Multiple Choice

A life insurance policy beneficiary is a good example of a:

• A)third party beneficiary.
• B)delegation.
• C)liquidated damages clause.
• D)confidential beneficiary.

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Definitions:

Matching Principle

An accounting rule that dictates expenses should be recorded in the same period as the revenues they helped to generate.