Among the parties to a contract,the ________ is the debtor.
A) obligee
B) obligor
C) assignor
D) assignee

Question

Quizplus · Accepted Answer

The obligor is the party who has an obligation or duty to perform under a contract. They are also known as the debtor because they owe a performance or payment obligation to the other party, who is the obligee or creditor. Therefore, choice B is the correct answer. The other options, assignor and assignee, refer to parties involved in the assignment of rights or obligations from one party to another, but they are not the primary parties to the original contract.

Among the Parties to a Contract,the ________ Is the Debtor