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:

Regional Specialization

The development of specific economic activities and industries in particular areas or regions, often based on geographic benefits or resource availability.

Evolutionary Placement

The determination of the position or relationship of an organism or a group of organisms within an evolutionary tree, showing how species are related to each other.

Neandertals

An extinct species of humans who lived in Eurasia until approximately 40,000 years ago, known for their robust build and large brain capacity.

Earliest Primates

The initial members of the primate order, dating back to the Paleocene epoch, ancestral to modern primates including humans, apes, monkeys, and prosimians.