Which two of the following statements are true about the vesting of beneficiary rights? (Choose two correct answers)Multiple select question.The exact time of vesting differs from one jurisdiction to the other.None of the jurisdictions support vesting of beneficiary's rights.All courts view that vesting occurs when a contract is formed.The beneficiary's rights can be modified or discharged.

Modification or discharge occurring after the vesting of beneficiary's rights ________.Multiple choice question.does not affect the terms of a contractis the best defense against a promisoris not a valid defense to a suit brought by beneficiaryis likely to be accepted by all the jurisdictions

Which of the following statements about stock options is true?Multiple choice question.Companies save money by offering stock options, but employees always lose money with stock options.The recipient is given the right to purchase stock at a predetermined price sometime in the future.The recipient has the right to set the price of the stock.If the recipient agrees to stock options as part of a compensation package, the recipient is obligated to buy stock in the future.

Which of the following statements is correct?

Multiple Choice QuestionA(n) ______ occurs when one company purchases the property and obligations of another.Multiple choice question.acquisitionvertical mergerhorizontal mergerbuyout

In cases where the parties to a contract intended to benefit a third party, courts will give effect to their intent and permit the ________ to enforce the contract.Multiple choice question.third party assigneesthird party beneficiariesthird party creditorsthird party assignors