Kimlon Informatics Is Owed $5,000 from a Client for Its

question 40

Multiple Choice

Kimlon Informatics is owed $5,000 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:

Dutch Culture

The customs, arts, social institutions, and achievements of the Netherlands and its people.

French Culture

The arts, customs, languages, and social behaviors of the French people that have developed over centuries.

Glorious Revolution

The bloodless coup in England in 1688 that resulted in the overthrow of King James II and the ascension of William III and Mary II to the throne, significantly expanding the powers of Parliament.

England's Political System

A constitutional monarchy and parliamentary democracy, where the monarch is the head of state and the Prime Minister is the head of government.