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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 moral or legal duty that an individual must perform.
- The potential penalties for failing to meet the obligation.
- Obligations can arise from contracts, quasi-contracts, or unilateral promises.
- Legal recourse is available if an obligation is not met.
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/obligationAn obligation is the responsibility of a party to meet the terms of a contract or agreement. If an obligation is not met, the legal system often provides recourse for the injured party.www.investopedia.com/terms/o/obligation.aspObligations 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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obligation. The Practice of Law. In the complex landscape of legal representation, various entities and individuals provide services to litigants in courts.
Understanding the Legal Definition of Obligation
Oct 14, 2019 · In simple terms, an obligation refers to something that a person is bound to do or not to do, either by moral or legal duty. It is a concept that carries significant weight in the legal realm and can have serious consequences if not …
obligation Definition, Meaning & Usage | Justia Legal Dictionary
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