Meaning of alternative obligation
Webobligations [ plural ] things that you must do or pay because of a law, rule, agreement, etc.: impose/place obligations on sb The law imposes certain obligations on public authorities. … Web1. : offering or expressing a choice. several alternative plans. 2. : different from the usual or conventional: such as. a. : existing or functioning outside the established cultural, social, …
Meaning of alternative obligation
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WebAlternative Obligation Law and Legal Definition An obligation is alternative when two things are equally due, under an alternative. The obligor is bound to render only one of two or more items of performance. Where a person engages to do, or to give several things the …
WebObligation: something which must or must not be done by one or more Parties to a contract. Party: Any individual, group or organisation participating in a contract. 'Parties' has a corresponding meaning. Period: The length of time a contract is … WebAn unconditional obligation, one which is to be performed without depending upon any event provided by the parties to it. A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856. Want to thank TFD for its existence?
WebAn alternative obligation is one where the debtor is alternatively bound by different prestations but the complete performance of one of them is sufficient to extinguish the … WebAn alternative obligation is one wherein various prestations are due but the performance of one of them is sufficient as determined by the choice, which, as a general rule, belongs to the debtor. Right of choice, as a rule, given to debtor. Right of choice of debtor not absolute. (1) The debtor cannot choose those prestations which are (a ...
Webnoun Definition of obligation 1 as in duty something one must do because of prior agreement their financial obligations keep them from giving to charities as much as they …
Webobligation noun [ C/U ] us / ˌɑb·ləˈɡeɪ·ʃən / something that a person feels morally or legally forced to do: [ C ] The government has an obligation to assist relief efforts. [ U ] You can … icarly smileWebSep 29, 2024 · The basic definition of the term obligation is a situation in which a person has an honorable, inherent, or legal duty to do something. The term is also used when referencing situations in which a ... money changer people\\u0027s park complexWeb1.Differentiate Alternative Obligations from Facultative Obligations. Answer: Alternative Obligations is on wherein various prestations are due but the performance of one. of them is sufficiently determined by choice which, as a general rule, belongs to the debtor, while is. Facultative Obligations is where only one prestation has been agreed ... icarly slap memeWebALTERNATIVE OBLIGATION Definition & Legal Meaning Definition & Citations: An obligation allowing the obligor to choose which of two things he will do, the performance of either of which will satisfy the instrument. Where the things which form the object of the contract are separated by a disjunctive, then the obligation is alternative. money changer perlisWebAn alternative obligation is one wherein various prestations are due but the performance of one of them is sufficiently determined by the choice which, as a general rule, belongs to … icarly sock cakeWebAn alternative obligation is a type of duty where the person who owes it has a choice of how to fulfill it. This means they can choose between two or more ways to do what they … money changer pavilionWebFacultative obligation refers to a type of obligation where one thing is due, but another is paid in its place. In such type of obligations there is no alternative provided. The debtor is given the right to substitute the thing due with another that is not due. The following is an example of a case law (Louisiana) differentiating between ... icarly sketch