A Third Party,who Is Not Part of an Original Contract,but

question 36

Multiple Choice

A third party,who is not part of an original contract,but to whom duty to perform contained in the original contract is transferred is called a[n] _____.

• A) Delegatee
• B) Delegator
• C) Assignor
• D) Assignee
• E) Transferor

---

Definitions:

Retirement Of A Bond

The process of paying off the principal amount of a bond at or before its maturity date, effectively canceling the debt obligation.

Long-Term Investment

Long-term investments are financial assets that a company intends to hold for more than one accounting year, such as stocks, bonds, or real estate.

Discontinued Operation

A component of a business that has been disposed of or is held for sale and represents a separate major line of business or geographical area of operations, segregated in financial reporting.

Management's Discussion

A section in a company's annual report where senior executives provide their perspective on the financial health, results, and future outlook of the company.