Kimlon Informatics Has to Recover $5000 from a Client for Its

question 45

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

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Definitions:

Life Span

The duration of time from birth to death of an organism, used in human development to study the different stages and transitions experienced throughout one's life.

Characteristic Mode

The typical or unique way in which something functions or expresses itself.

Adaptation

The process by which organisms adjust to changes in their environment, ensuring survival and functioning.