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:

Procedural

Procedural pertains to the methods or processes involved in accomplishing tasks or activities, often relating to established or formal procedures.

Cursive

A style of handwriting where the letters are connected in a flowing manner, intended for faster writing.

Automatic Processing

Cognitive functions that are performed without conscious awareness or effort, often as a result of learning and practice.

Echoic Memory

A component of sensory memory that retains an exact copy of what we hear for a brief period, usually up to several seconds.