Examlex
Which of the following statements is true?
Bilateral Contract
A contractual agreement involving two parties where each promises to perform an act in exchange for the other's act.
Obligor
A person or entity legally obligated to provide a payment or service to another under the terms of a contract.
Assignment
The transfer of rights, duties, or interests under a contract or agreement from one party to another.
Assignor
An individual or entity that transfers rights or interests in a property, contract, or other asset to another.
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