Edward Owes Frank $100, Payable in Six Months

question 44

Multiple Choice

Edward owes Frank $100, payable in six months. Frank, who is leaving the country, gives his rights to the payment to Marge for $80. Which of the following is true about the scenario?

• A) Frank is the obligor.
• B) Edward owes Marge $80.
• C) Edward owes Marge $100.
• D) Frank will get $100 from Edward.

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Definitions:

Animal Cells

Cells that make up animals, characterized by the lack of a cell wall and the presence of specialized organelles like the nucleus.

Gametophyte Plants

The sexual phase in the life cycle of plants that produces gametes, contrasting with the sporophyte phase that produces spores.

Mitosis

A type of cell division that results in two daughter cells each having the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

Meiosis

Meiosis is a type of cell division that reduces the chromosome number by half, resulting in the production of haploid gametes or spores.