Asked by Oppong Bright on May 08, 2024
Verified
A person who owes a duty under a contract is an obligee.
Obligee
A party who is entitled to receive a benefit or performance from another under the terms of a contract.
- Discuss the rights granted to obligors and assignees once an assignment is finalized.
Verified Answer
JP
Justin PadillaMay 09, 2024
Final Answer :
False
Explanation :
A person who owes a duty under a contract is known as the obligor, while the obligee is the party to whom the duty, or obligation, is owed.
Learning Objectives
- Discuss the rights granted to obligors and assignees once an assignment is finalized.