Who is referred to as the obligee?

The term "obligee" refers specifically to anyone in whose favor an obligation runs. This means that the obligee is the party that receives the benefits of a duty or obligation carried out by another party, known as the obligor. In the context of contracts or financial agreements, the obligee is often the entity or individual to whom a debt is owed or an obligation is due.

Understanding the role of the obligee is crucial in various situations, such as in contractual agreements where one party is obligated to perform certain duties for the benefit of the obligee. In insurance and surety bonds, for example, the obligee is the party protected by the bond, ensuring they can rely on the obligor to fulfill the obligations.

The other options do not accurately describe the role of obligee. A person required to pay a debt is actually the debtor and does not represent the side benefiting from an obligation. Similarly, a debtor in a financial agreement is also not the obligee but rather the one who has the obligation to make payments or fulfill terms. The reference to a property owner in a title dispute pertains to real estate and ownership issues rather than contractual obligations, further differentiating the term from the concept of an obligee.