Mary goes to a stockbroker, purchases 50 shares of a certain stock, and instructs the broker to register the stock in her husband Warren's name. If this stock is intended as a Valentine's Day gift, Warren becomes a (n) : a. donee beneficiary. b. transferee. c. delegatee. d. assignee.

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Business

Admiral

4 July, 03:46

Mary goes to a stockbroker, purchases 50 shares of a certain stock, and instructs the broker to register the stock in her husband Warren's name. If this stock is intended as a Valentine's Day gift, Warren becomes a (n) : a. donee beneficiary. b. transferee. c. delegatee. d. assignee.

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Answers (2)

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Novak · Answer 1

B

Explanation:

Transferee is the husband MR Warren's whom the share is transfer to. is the person whom money, shares, property etc is transferred while the person that gave the instruction is the transferor.

Oneill · Answer 2

Answer: the correct answer is a. donee beneficiary

Explanation:A donee beneficiary is a type of intended third-party beneficiary. Donee beneficiaries occur when the second party in a contract (the promisee) does not owe a debt to the third party but wants to provide them with the benefit of the performance of the first party (the promisor).