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: Option C

Explanation: An Obligee or the Obliged is someone or an organization that receives or exercise the right been transferred to it under contract. it receives all payment or accounts that is included in the contract clause.

So therefore, Creditline is an obligee or the obliged based on the fact that software solutions transferred the rights to them, that means credit line will receive all payments Revenue & sales corporation will pay