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

Which of the following definitions best describes 'mutual contractual agreement'?

A. contract between named parties that outlines the terms and conditions designed to apply to a number of accounts, transactions, or other activities between the parties, and that consolidates and provides overarching terms for separate but related agreements
B. contract between named parties whose individual rights and obligations are not transferable to another party without prior written permission
C. formal contract that is written and signed by the parties thereto
D. contract in which one party makes an express promise without securing a reciprocal agreement from the other party(ies)

Answer: contract between named parties whose individual rights and obligations are not transferable to another party without prior written permission