Kimlon Informatics is owed $5,000 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 to whom the debt is owed. In this scenario, Kimlon has the right to receive payment from its client, making it the obligee.

Kimlon Informatics Is Owed $5,000 from a Client for Its