A person who owes money or a duty of performance to another is known as a(n):
A) obligor.
B) creditor.
C) pledger.
D) bailer.
E) debtor.

Question

Quizplus · Accepted Answer

A person who owes money or a duty of performance to another is known as a debtor. Choice A (obligor) is also technically correct as it refers to a person who is bound to fulfill an obligation, but it is less commonly used in this context. Choice B (creditor) refers to the person to whom the money is owed, not the person who owes it. Choices C (pledger) and D (bailer) are unrelated to owing money or a duty of performance.

A Person Who Owes Money or a Duty of Performance