Download Obligation Meaning Law Gif

Download Obligation Meaning Law Gif. A promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment) ;also · 2 : A duty may be owed to a person other than the other party to the contract.

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A promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment) ;also · 2 : An obligation is the responsibility of a party to meet the terms of a contract or agreement. In its legal sense, obligation is a civil law concept.

This distinction is in fact applied in english law, in order to define the duty of .

If an obligation is not met, the legal system . A moral or legal requirement; Obligation meaning, definition, what is obligation: A debt security (as a .