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Edward Owes Frank $100, Payable in Six Months

Question 44

Multiple Choice

Edward owes Frank $100, payable in six months. Frank, who is leaving the country, gives his rights to the payment to Marge for $80. Which of the following is true about the scenario?


A) Frank is the obligor.
B) Edward owes Marge $80.
C) Edward owes Marge $100.
D) Frank will get $100 from Edward.

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