Which of the Following Involves a Creditor Beneficiary Relationship

question 44

Multiple Choice

Which of the following involves a creditor beneficiary relationship?

• A) A contract between an employer and a union representing the employees which is made for the benefit of the employees.
• B) 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.
• C) A contract where the insured names a bank with which he has a loan as the beneficiary of a life insurance policy.
• D) A contract between a governmental unit and business for services to be rendered to area citizens.