In a Contract,a Party Can Be Both an Obligor and an Obligee

question 89

True/False

In a contract,a party can be both an obligor and an obligee.

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Definitions:

Joint Goal

A shared aim or objective that is pursued by multiple parties or individuals working together collaboratively.

Common End

A shared goal or objective that multiple parties aim to achieve through collaboration or agreement.

Shared Output

A result or product of work that is produced by two or more parties working together.

Collective Bargaining

A process where workers, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, and more.