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Rights of a Beneficiary: Vesting & Enforceable Claims

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What are the rights of incidental beneficiaries?

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1. What are the rights of an intentional beneficiary?

2. Who is a donee beneficiary?

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About This Quiz & Worksheet

This lesson covers the intricacies of third party beneficiaries, and this quiz/worksheet combination will help you unpack all of the relevant information you need to completely grasp contracts and beneficiaries. The practice questions will test you on types of beneficiaries and the concept of vesting.

Quiz & Worksheet Goals

In these assessments, you'll be tested on your understanding of:

  • Incidental beneficiaries
  • Intentional beneficiaries
  • Donee beneficiaries
  • Creditor beneficiaries
  • The concept of vesting

Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

  • Reading comprehension - ensure that you draw the most important information from the related business law lesson
  • Making connections - use your understanding of contracts to better grasp the concept of a beneficiary
  • Defining key concepts - ensure that you can accurately define each type of beneficiary discussed in the lesson and the concept of vesting

Additional Learning

To learn more about this topic, review the accompanying lesson Rights of a Beneficiary: Vesting & Enforceable Claims. This lesson covers the following objectives:

  • Define third party beneficiaries
  • Define incidental, intentional, donee, and creditor beneficiaries
  • Discuss the rights of these beneficiaries
  • Define consideration, breach of contract, assent, and vest
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