Harris,who owes Nathan $4,000,sells Bethany a used car for $5,000,payable in 30 days.Harris immediately tells Nathan that she doesn't have the money she owes him,but she is willing to give him her claim to Bethany's $5,000.Nathan agrees and gives up his claim against Harris for $4,000,and Harris notifies Bethany of the assignment.In this case,Bethany is best described as the
A)assignee.
B)assignor.
C)obligor.
D)obligee.

Question

Quizplus · Accepted Answer

Bethany is best described as the obligor because she is the one who owes the duty to pay the $5,000 to Harris (and, after the assignment, to Nathan).

Harris,who Owes Nathan $4,000,sells Bethany a Used Car for $5,000,payable