Question

Ben, who runs a livestock breeding business, owes the circle c ranch $40,000. ben agrees to pay the circle c a percentage of his profits each month until the debt is paid. because of this agreement, the circle c is?

Answer 1

The Circle C is Ben's creditor. A creditor refers to someone or group of people who has lent money to someone or who has extend credit to another person or business entity. The money borrowed has to be return in full back to the creditor.