Answer: I would contend that the right answer is the B) It rejected the authority of the monarch as legitimate.
Explanation: Just to elaborate a little bit on the answer, it can be added that the authors of this text were clearly inspired by the ideas of the Enlightenment, such as its criticism of the corruption of the monarchy. Rousseau, for instance, pointed out that kings had been granted power by the will of the people, not by God, and, by the same token, that people could also take their power away from them if they were not doing their job right. In this excerpt, it is said that if a government, which derives its power from the "consent of the governed," that is, from the will of the people, destructs the rights that it is meant to protect (life, liberty, and happines), then that people have the right to alter it, abolish it, or institute a new one.