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:

Subsequent Arrests

Refers to arrests that occur after an initial arrest, indicating instances of re-offending or continued criminal behavior.

Commonwealth

A political community founded for the common good, often used to describe self-governing territorial units that share affiliations with other states.

Cultural Differences

Variations in the customs, values, beliefs, and practices of different cultures.

Americans

Americans usually refer to the residents or citizens of the United States of America, but can broadly encompass anyone from the American continents.