Which of the Following Involves a Creditor Beneficiary Relationship

question 82

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 contract 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 specified rate.
• D)A contract between a governmental unit and business for services to be rendered to area citizens.

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Definitions:

Dry Bulk Pressure Hopper

A type of container used for transporting dry, bulk materials, where pressure is used to aid in the unloading of materials.

PTO Compressor

A Power Take-Off (PTO) compressor is powered by tapping into the mechanical power of a vehicle's engine to drive air compression.

Blow Off Loads

A safety mechanism designed to release excess pressure or load from a system to prevent damage or failure, often used in pressure vessels and hydraulic systems.

Semi-Trailer Bogie

A semi-trailer bogie is a wheel assembly located at the rear of a semi-trailer, providing support and stability to the trailer structure by distributing its load over multiple axles.