Multiple Choice
Kimlon Informatics has to recover $5000 from a client for its services.The recovery period is 100 days but Kimlon needs the money immediately.It sells the right of collecting money from its client to Quikcollect, a collection agency.Here, Kimlon Informatics is the ________.
A) obligor
B) obligee
C) subassignee
D) assignee
Correct Answer:
Verified
Correct Answer:
Verified
Q17: What happens when an obligor does not
Q26: Distinguish between conditions and covenants.
Q28: The American rule provides that the first
Q46: _ refers to a condition that requires
Q47: Which of the following is an illustration
Q66: Which of the following refers to an
Q68: Howard is injured by Penny in a
Q72: A party who owes a duty of
Q75: Nonperformance of a covenant is not considered
Q81: If a delegatee has not assumed the