Ask Question
BusinessBusiness
7 October, 12:57

The promisor in a contract may also be called the: a. grantee b. obligee c. grantor d. obligor.

+5
Answers (2)
  1. 7 October, 13:24
    0
    The correct answer is letter "D": obligor.

    Explanation:

    Obligors represent the parties liable for responsibility in a contract. The obligor is the individual who provides a benefit to another person. In business, obligors are mostly called debtors because of the commitment of those individuals to make a payment because of a service or good already provided to them.
  2. 7 October, 14:04
    0
    D. Obligor

    Explanation:

    The promisor in a contract is one who makes a promise. He's also called an obligor because he has become obliged towards the promisee (the person who benefits from the promise: beneficiary).

    According to Duhaime's Law Dictionary, an obligor is a person who is contractually or legally, committed or obliged, to providing something to another person (the obligee or promisee).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The promisor in a contract may also be called the: a. grantee b. obligee c. grantor d. obligor. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of these is a primary and secondary source of market research, respectively? BLANK are a primary source of market research. A.) focus group interviews B.) trade journal c.) website And BLANK are a secondary source of market research A.
Answers (1)
An accrual refers to an event where the: 31) a. expense or revenue is recorded before the cash settlement. b. asset is recorded only after the cash settlement. c. expense or revenue is not recorded until the cash settlement. d.
Answers (1)
burger king, the resaurant chain, sold a store location to mcdonalds. How can burger king determine the sale price of the sotre by a professional appraisal, burger king origianal cost or the amount actually recieved from the sale?
Answers (1)
Your parents intend to celebrate their 45th wedding anniversary by taking a month-long trip to Africa. That trip will occur in seven years. They estimate that the cost will be $38,000. How much will they need to save at the beginning of each year (i.
Answers (1)
Which of the following is the best example of a quota? A. a subsidy granted by the U. S. government to domestic sport utility vehicle manufacturers so they can compete more effectively with foreign sport utility vehicle manufacturers B.
Answers (1)
New Questions in Business
The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.
Answers (1)
Colton took out a 3 year loan for $2075 at a computer store to be paid back with monthly payments at a 10.7% APR. If the loan offers no payments for the first 11 months, how many payments will Colton be required to make?
Answers (1)
An externality is a. a benefit realized by the purchaser of a good or service. b. a cost paid for by the producer of a good or service. c. a benefit or cost experienced by someone who is not a producer or consumer of a good or service. d.
Answers (1)
When a company tries to create new uses for its product, it is undertaking a market modification program. a. True b. False?
Answers (1)
Which of the following statements is correct? 1. Proprietary funds must prepare a Statement of Revenues, Expenses and Changes in Fund Net Position, Statement of Net Position and Statement of Cash Flows. 2.
Answers (1)
Home » Business » The promisor in a contract may also be called the: a. grantee b. obligee c. grantor d. obligor.
Sign Up Forgot Password?