Question

Revenue & Sales Corporation and Software Solutions, Inc., enter into a contract for the design of custom software for which Revenue & Sales agrees to pay $4,500. Software Solutions transfers the right to payment under the contract to Creditline Company. Creditline is:______
a. an assignor.
b. an assignee.
c. an obligee.
d. a delegate.

Answer 1

Answer:

b. an assignee.

Explanation:

Based on the information provided within the question it can be said that in this scenario Creditline is an assignee. This term refers to the individual or company that is accepting the obligations or responsibilities of the individual or company that presently has those obligations in the contract (the assignor) which in this scenario is Software Solutions since they are the ones transfering the right to payment.