Answer:
D. Obligor
Explanation:
The promisor in a contract is one who makes a promise. He's also called an obligor because he has become obliged towards the promisee ( the person who benefits from the promise: beneficiary).
According to Duhaime's Law Dictionary, an obligor is a person who is contractually or legally, committed or obliged, to providing something to another person (the obligee or promisee).
Answer:
The correct answer is letter "D": obligor.
Explanation:
Obligors represent the parties liable for responsibility in a contract. The obligor is the individual who provides a benefit to another person. In business, obligors are mostly called debtors because of the commitment of those individuals to make a payment because of a service or good already provided to them.
