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Simple English definitions for legal terms

obligation, mutuality of

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A quick definition of obligation, mutuality of:

Term: Obligation, Mutuality of

Definition: When two people make a promise to each other, they both have to keep their promise or neither of them has to keep it. This is called the mutuality of obligation. It means that both parties have to agree to be bound by the terms of the contract. Sometimes people get confused about what this means, but it's important to understand that both parties have to be committed to the agreement for it to be valid.

A more thorough explanation:

Obligation, mutuality of refers to the agreement of both parties in a contract to be bound in some way. It is also known as mutuality of contract. This means that both parties must be bound by the terms of the contract, or neither party is bound.

  • Example 1: A and B enter into a contract where A agrees to sell a car to B for $10,000. Both parties are bound by the terms of the contract. A is obligated to sell the car, and B is obligated to pay $10,000. If A fails to sell the car, B is not obligated to pay the $10,000, and vice versa.
  • Example 2: C and D enter into a contract where C agrees to provide consulting services to D for $5,000. However, the contract only binds C, and D is not obligated to pay the $5,000. This contract does not have mutuality of obligation, and therefore, it is not a valid contract.

The examples illustrate that for a contract to be valid, both parties must be bound by the terms of the contract. If one party is not obligated to fulfill their part of the contract, then the contract is not valid. This is the concept of mutuality of obligation.

obligatio | obligational

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2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
umarrussell
17:07
whats a good GRE score
1a2b3c4d26z
17:07
100% chance at getting into a law school
umarrussell
17:07
i feel like you have to score fairly high to get in with GRE
1a2b3c4d26z
17:07
isn't 340 perfect?
1a2b3c4d26z
17:08
So i feel like they're fine
shaquilleoatmeal
17:08
If one of yall can guess what I ended up gettin at sg about an hour ago I’ll Venmo the cost of the meal😂
if when i called gtown they told me "you will 100% get a decision at the end of this week." and i DO not get a decision today. how badly am i legally allowed to crash out. like i have a feeling i ain't getting anything today 😭
1a2b3c4d26z
17:09
Crash out really hard
shaquilleoatmeal
17:09
https://imgur.com/a/rRr0oeT
1a2b3c4d26z
17:09
evol style
1a2b3c4d26z
17:09
Jk dont do that
shaquilleoatmeal
17:09
Use that bowl size to guess, I’ll give you a hit, protein fuckin packed
1a2b3c4d26z
17:09
which garmin do you have?
1a2b3c4d26z
17:10
If that pic is of you
Kendrick album so good, I wasn't even focused on admissions today
oh i was just lisenting to him on the car ride hnome
awman i was hopign to come home to a ucla wave
is it too late? its 2pm there
OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
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