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Simple English definitions for legal terms
conventional obligation
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A quick definition of conventional obligation:
A conventional obligation is a legal or moral duty to do something that comes from an agreement between two or more people. It can be a formal agreement to pay money or do something specific. This type of obligation is different from a moral obligation, which is based on personal beliefs and not enforceable by law. A conventional obligation can be enforced by the legal system if one party fails to fulfill their duty.A more thorough explanation:
A conventional obligation is a legal or moral duty that arises from an agreement between two or more parties. It can be a formal, binding agreement or acknowledgment of a liability to pay a certain amount or to do a certain thing for a particular person or set of persons. This type of obligation is also known as a contractual obligation.
For example, if you sign a lease agreement with your landlord, you have a conventional obligation to pay rent every month and to take care of the property. If you fail to fulfill these obligations, your landlord can take legal action against you.
Another example of a conventional obligation is a loan agreement. When you borrow money from a bank, you have a conventional obligation to repay the loan according to the terms of the agreement.
Overall, a conventional obligation is a duty that arises from an agreement between parties and is legally enforceable. It is important to fulfill these obligations to avoid legal consequences.