Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

law of obligations

Read a random definition: bill of particulars

A quick definition of law of obligations:

The law of obligations is a type of law that deals with the rights and responsibilities between two people. It focuses on the relationship between the person who owes something (the obligor) and the person who is owed something (the obligee). This type of law is one of three main categories in civil law, and it is different from the laws that deal with property or personal status.

A more thorough explanation:

Definition: The law of obligations is a category of law that deals with the rights and responsibilities between two parties, known as the obligor and obligee. This type of law focuses on proprietary rights in personam, which means that it deals with the relations between the two parties involved.

For example, if you borrow money from a bank, you become the obligor and the bank becomes the obligee. The law of obligations would govern the terms of the loan agreement, including the amount borrowed, the interest rate, and the repayment schedule. If you fail to repay the loan, the bank may take legal action against you to recover the money owed.

Another example of the law of obligations is a contract between two parties. When two parties enter into a contract, they both have certain obligations to fulfill. If one party fails to fulfill their obligations, the other party may take legal action to enforce the terms of the contract.

Overall, the law of obligations is an important area of law that helps to ensure that individuals and businesses fulfill their legal responsibilities to one another.

law of nature and nations | law of persons

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
this election has the potential to push america further into ultranationalist populism
Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
LSD+ is ad-free, with DMs, discounts, case briefs & more.