Which of the Following Is a Type of Intended Beneficiary

question 8

Multiple Choice

Which of the following is a type of intended beneficiary?

• A) Creditor, donee, and incidental
• B) Donee and creditor, but not incidental
• C) Incidental and creditor, but not donee
• D) Creditor but not donee or incidental
• E) Donee but not creditor or incidental

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Definitions:

Consumer-Protection Statutes

Laws designed to safeguard buyers of goods and services, and the public, from unfair practices in the marketplace.

Liability

The legal responsibility for one's actions or omissions, which can result in being obliged to offer compensation for harm caused.

Proxy

A proxy is an authorization given by a shareholder or other party to represent them and vote on their behalf in a corporate or other formal meeting.

Shareholders' Meeting

A gathering of a corporation's shareholders, held to discuss the company's performance, elect the board of directors, and make decisions on major company issues.