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denpristay [2]
3 years ago
5

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

Business
2 answers:
arsen [322]3 years ago
6 0

Answer:

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).

Gelneren [198K]3 years ago
4 0

Answer:

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.

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