Which of the Following Statements Is TRUE

question 8

Multiple Choice

Which of the following statements is TRUE?

• A)A Himalaya Clause creates a true exception to the privity rule.
• B)The decision in Vandepitte v Preferred Accident Insurance Co creates a special exception to the privity rule for employees.
• C)The decision in London Drugs Ltd v Kuehne & Nagel International Ltd is the reason why assignments are "subject to the equities."
• D)A contractual right can be transferred from one person to another because that right is classified as a chose in action, which is a type of property.
• E)If a person who holds a contractual right dies, that right automatically is transferred to a "trustee for performance."

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Definitions:

Aspen Parkland

A biome characterized by the transitional area between forest and prairie, marked by the presence of aspen trees amidst grassy areas.

Boreal Forest

A vast biome characterized by coniferous forests, stretching across the northern regions of North America, Europe, and Asia.

Subalpine Forest

Forest ecosystems found just below the alpine timberline, characterized by cold climates and a dominance of coniferous trees.

Debt-For-Nature Swaps

Financial transactions in which a portion of a developing country's foreign debt is forgiven in exchange for local investments in environmental conservation projects.