Kimlon Informatics has to recover $5000 from a client for its services.The recovery period is 100 days but Kimlon needs the money immediately.It sells the right of collecting money from its client to Quikcollect, a collection agency.Here, Kimlon Informatics is the ________.
A)obligor
B)obligee
C)subassignee
D)assignee

Question

Quizplus · Accepted Answer

Kimlon Informatics is the obligee because it is the party entitled to receive the payment from the client.

Kimlon Informatics Has to Recover $5000 from a Client for Its