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- In law, an obligation refers to1234:
- A requirement to participate in a certain action due to an agreement or under the law.
- A legal duty that binds an individual to perform.
- The potential penalties for failing to perform the duty.
- Obligations can be created voluntarily through contracts, quasi-contracts, or unilateral promises.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In today's legal world, obligation refers to the requirement to participate in a certain action because of their agreement to another party or under the law. Obligation is the moral or legal duty that requires an individual to perform, as well as the potential penalties for the failure to perform.www.upcounsel.com/definition-of-obligation-in-lawobligation The popular meaning of the term “obligation” is a duty to do or not to do something. In its legal sense, obligation is a civil law concept. An obligation can be created voluntarily, such as one arising from a contract, quasi-contract, or unilateral promise.www.law.cornell.edu/wex/obligationFind the legal definition of OBLIGATION from Black's Law Dictionary, 2nd Edition. An obligation is a legal duty, by which a person is bound to do or not to do a certain thing.thelawdictionary.org/obligation/Obligations are the legal rules, requirements, and scenarios in which people are required to do something. Duty, meanwhile, refers to the action that a person must perform in order to meet an obligation. For example, there is a legal obligation to follow the Highway Code in the UK.online.lincoln.ac.uk/what-is-the-law-of-obligation/ obligation | Wex | US Law | LII / Legal Information Institute
Definition of Obligation in Law | UpCounsel 2024
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