Asked by Margot Rochester on Jun 16, 2024
Verified
An obligor:
A) owes a duty to perform under a contract.
B) is owed a duty.
C) is one to whom a right has been transferred.
D) facilitates a contract.
Obligor
A person or entity legally bound to provide a payment, service, or other benefit to another, known as the obligee.
- Pinpoint and discriminate between assignment and delegation in the setting of contractual arrangements.
Verified Answer
CT
Caitlin TomlinsonJun 16, 2024
Final Answer :
A
Explanation :
A person who owes a duty to perform under a contract is called an obligor.The person to whom he owes the duty is called the obligee.When there has been an assignment,the person making the assignment-the original obligee-is then called the assignor.The person to whom the right has been transferred is called the assignee.
Learning Objectives
- Pinpoint and discriminate between assignment and delegation in the setting of contractual arrangements.