A Party Who Owes a Duty of Performance Under a Contract

question 72

Multiple Choice

A party who owes a duty of performance under a contract is called the ________.

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

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Definitions:

Whigs

A political party active in the 19th century in the United States, which advocated for federal government support for economic development and opposed Andrew Jackson's policies.

Majority Party

The political party that holds the most seats in a legislative body, giving it the power to control the agenda and make key decisions.

Populist

Relating to or characterized by political approaches that strive to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.

Whig

A historical political party in the United States, active in the mid-19th century, that supported business, a national bank, and a strong federal government.