Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

obligation, mutuality of

Read a random definition: presumption of paternity

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

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
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
LSD+ is ad-free, with DMs, discounts, case briefs & more.