DSST Business Law II Exam Prep

Category - DSST Business Law II

A creditor is:
  1. Someone who owes a debt.
  2. Someone appointed to oversee a bankruptcy estate.
  3. Someone who has a credit card.
  4. Someone who has filed for bankruptcy.
  5. Someone to whom a debt is owed.
Explanation
Answer: E. A creditor is someone to whom a debit is owed. A creditor may be a person or an entity such as a business. The person or entity that owes the debit is referred to as a debtor.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz