James and MaryElise Enter into a Contract

question 54

Multiple Choice

James and MaryElise enter into a contract.James agrees to mow MaryElise's yard every week for the summer.MaryElise is the 

• A) ​obligor. 
• B) ​obligee. 
• C) ​assignee. 
• D) ​assignor.

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Definitions:

Specialty Sector

A segment of the economy or an area of professional expertise that focuses on a specific type of service, product, or field of study.

Over Funding

Over funding refers to the scenario where more financial resources are allocated to a project, organization, or cause than are necessary, potentially leading to inefficiency or misuse of funds.

Staffing Issues

Challenges related to hiring, retaining, or managing employees effectively within an organization.

War on Drugs

The War on Drugs is a government-led initiative aimed at stopping the illegal drug trade, reducing drug addiction and abuse, and enforcing drug prohibition laws.