A(n)____ Is a Third Party Who Obtains Possible Benefits but No

question 60

Multiple Choice

A(n) ____ is a third party who obtains possible benefits but no rights under a contract.

• A) incidental beneficiary
• B) intended beneficiary
• C) assignor
• D) donee beneficiary

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Definitions:

Monitors Driving

The act of using monitoring devices or technology to track and improve driving behavior, typically for safety or efficiency purposes.

Moral Hazard

A situation in which one party is more likely to take risks because the negative consequences of the risk will be borne by another party.

Buying Insurance

The process of obtaining a policy from an insurance company to protect against financial losses from specified risks, in exchange for a premium.

Adverse Selection

A situation in financial markets where buyers and sellers have different information, leading to transactions that favor the party with more information.