The suffix "or" is used to denote the person who performs an action. The suffix "ee" is used to denote the recipient of that action.
You will hear words like:
Vendor - Vendee
Grantor - Grantee
Lessor - Lessee
Optionor - Optionee
Trustor - Trustee
Mortgagor - Mortgagee
Offeror - Offeree
The gist of it is: the OR is the giver and the EE receives.
In the question, a vendor sells to a vendee.
NOTE - A mortgage is NOT a loan. A mortgage is the pledge given from a borrower to the lender- the mortgagor is the person giving the pledge and the mortgagee (lender) receives the pledge. Mortgagor and Mortgagee are NOT an exception to the rule, as many people mistakenly believe.
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