What Is Vesting of Rights

Multiple Choice

What is vesting of rights?

A) Surrender by a party of legal rights otherwise available to him or her
B) The time at which the benefit of a contract is fixed in the beneficiary
C) An assignee taking equal rights as his assignor
D) The right or duty of a particular person to perform or receive contract duties or benefits
E) A new contract substituting for an old one, or a new party to a contract replacing a former party