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7 October, 12:57

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

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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).
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