Ask Question
BusinessBusiness
31 March, 13:40

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

+1
Answers (2)
  1. 31 March, 13:50
    0
    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).
  2. 31 March, 15:26
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The promisor in a contract may also be called the: a. grantee b. obligee c. grantor d. obligor. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Advise Florence and her team on how they can convince the staff using john kotter's theory to lead change
Answers (1)
The following transactions occurred during July: Received $960 cash for services provided to a customer during July. Received $3,200 cash investment from K.
Answers (2)
1.9 Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources. Labor: 400 hours per day @ $12.
Answers (1)
An ATM with a service fee of $2 is used by a person 100 times in a year. What would be the future value in 10 years (use a 3 percent rate) of the annual amount paid in ATM fees?
Answers (1)
What is the united states total largest export to canada?
Answers (1)
New Questions in Business
The sequencing of activities is often based upon dependencies between the activities. The dependencies that should guide activity sequencing can be either: a. critical or non-critical b. opportunities or threats c.
Answers (1)
Under this Act, you have the right to see the credit history maintained by a credit bureau about you, and under certain conditions they must provide you with a copy of your report free of charge. A. Fair Credit Reporting Act B.
Answers (1)
Explain how consumer and producer surplus affect economic well-being. When the price of a good or service is - enough, it will encourage consumers to buy. However, the price also has to be - enough to encourage producers to sell.
Answers (1)
A small town has few available workers, and unemployment is low. A family-owned restaurant in town has just had a very good year in profits and would like to hire additional wait staff to meet higher demand.
Answers (1)
Railway Cabooses just paid its annual dividend of $3.90 per share. The company has been reducing the dividends by 12.4 percent each year.
Answers (1)
Home » Business » The promisor in a contract may also be called the: a. grantee b. obligee c. grantor d. obligor.
Sign Up Forgot Password?