Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'notifying party'?

A. grower, maker, fabricator, or manufacturer of some product or other good
B. party that is related to a legal entity, directly, or indirectly through one or more intermediaries, and controls, or is controlled by, or is under common control with that entity, typically determined by the degree of ownership
C. party responsible for issuing one or more formal notices indicating that an event that is relevant to a given contract has taken place
D. party presenting something, such as a regulatory report

Answer: party responsible for issuing one or more formal notices indicating that an event that is relevant to a given contract has taken place