Instructions: In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision. Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. The four incorrect answers are other holding statements. You should find the correct option. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.
Input: is equal to the amount of the Trusts for Alison and Georgia." However, this clause relates to Jae-quelin's status as a beneficiary of the Trust and not as a third-party beneficiary of the property settlement agreement. Whether the Trust was in existence when the property settlement agreement was executed has no bearing on this analysis. Similar to the trust beneficiary in the above-noted fact pattern, Jacquelin is attempting to enforce a provision that requires funds to be contributed to a trust created for her benefit. Jaequelin's status is not that of a third-party beneficiary, but that of a "beneficiary," in the colloquial sense of the word, based on her status as the sole beneficiary of the Trust. Cf. Saks v. Damon Raike and Co., 7 Cal.App.4th 419, 8 Cal.Rptr.2d 869, 877 (1992) (<HOLDING>). We also note that cmt. emphasizes the
Holding statements: (A) holding that nonsignatory settlor and trust beneficiaries could be compelled to arbitrate under account agreement between trustee and merrill lynch which contained an arbitration clause because agreement was the underlying basis for all the claims of the beneficiaries and there would have been no claims without the agreement (B) holding that the settlor could divest the beneficiaries of their vested interests only by completely revoking the trust because she had limited her ability to eliminate the beneficiaries interests by including language in the trust stating that the interests of the beneficiaries shall continue until this trust is revoked or terminated internal quotation marks omitted (C) holding that trust beneficiaries have no authority to maintain an action as third party beneficiaries of contracts between the trustee and agents of the trustee concerning the internal affairs of the trust (D) holding that where grantee was named as trustee without identification of the beneficiaries or the nature and purposes of the trust and no trust agreement of record was identified the grantee received fee simple title (E) holding that a third party who receives trust property on inquiry notice that a trustee has misappropriated trust funds is also liable for breach of trust
Output:
(C)