Quick Answer: What Are The Types Of Obligation?

What are three examples of obligations?

An example of obligation is for a student to turn in his homework on time every day.

A duty imposed legally or socially; thing that one is bound to do by contract, promise, moral responsibility, etc.

The binding power of a contract, promise, etc.

An obligating or being obligated..

What are two obligations?

The two obligations, according to Nelson Mandela that every man have in life are:One obligation is towards his family, parents, wife, and children.The other obligation is his responsibility towards his people, community and his country. He calls these the “twin obligations” which a man possessed in his life.Jun 30, 2018

What are the kinds of impossible conditions?

Impossible conditions cannot be performed; and if a person contracts to do what at the time is absolutely impossible, the contract will not bind him, because no man can be obliged to perform an impossibility; but where the contract is to do a thing which is possible in itself, the performance is not excused by the …

What is pure and conditional obligation?

Pure obligation is one free from any condition and there is no period of fulfillment, thus it is immediately demandable. Conditional obligation is one where its fulfillment is upon the condition stipulated. Condition is a future and uncertain event which can draw the effectivity or extinguishment of an obligation.

What is a personal obligation?

Personal Obligations means any liability or other obligation accrued, incurred or payable by the Company to or for the benefit of Daniels or Swanson or either of them. … Personal Obligations means any obligation under this Lease the breach of which would constitute a Personal Default.

What is a Potestative obligation?

An obligation which is subject to a purely potestative condition means that the condition will be fulfilled only if the obligated party chooses to do so.

What are the 5 sources of obligation?

Obligations arise from: (1) Law; (2) Contracts; (3) Quasi‐contracts; (4) Acts or omissions punished by law; and (5) Quasi‐delicts. Sources of Obligations Law — when they are imposed by law itself.

What is classification of obligation?

Individual obligation – there is one debtor and one creditor. Collective obligation – there are two or more debtors and two or more creditors. Joint obligation – the prestation is divided among each debtor and/or the demand for it is divided among each creditor.

What are the two kinds of quasi contracts?

Kinds of Quasi Contract(1) SUPPLY OF NECESSITIES (Sec. … (2) PAYMENT BY AN INTERSTED PERSON (sec. … (3) OBLIGATION TO PAY FOR NON-GRATUITOUS ACTS (Sec. … (5) MISTAKE OR COERSION (Sec.

What are the characteristics of an obligation?

An obligation is a legal bond (vinculum iuris) by which one or more parties (obligants) are bound to act or refrain from acting. An obligation thus imposes on the obligor a duty to perform, and simultaneously creates a corresponding right to demand performance by the obligee to whom performance is to be tendered.

What is an alternative obligation?

An obligation is alternative when two things are equally due, under an alternative. Usually, when an obligation is alternative, the choice of the item of performance belongs to the obligor unless it has been expressly or impliedly granted to the oblige. …

What is quasi delict example?

A quasi-delict is a wrong which occurs unintentionally, as a result of something like negligence, where as a true delict requires intentional action. … Thus, someone who commits murder has committed a delict, while manslaughter would be an example of a quasi-delict.

How many types of quasi contracts are there?

5 Important Types of Quasi Contract that Sec. 68 To 72 of the Indian Contract Act 1872 Deals With.

What is meant by reciprocal obligation?

In law, a reciprocal obligation, also known as a reciprocal agreement is a duty owed by one individual to another and vice versa. It is a type of agreement that bears upon or binds two parties in an equal manner.

What is pure obligation?

A pure obligation is one that is demandable at once because it does not depend upon a future or uncertain event, not on a past event unknown to the parties and is not an obligation with a resolutory condition. A simple promissory note to pay certain amount within a certain period is an example of a pure obligation.

What are the 4 elements of obligation?

Every obligation has four essential elements: an active subject; a passive subject; the prestation; and the legal tie. The ACTIVE SUBJECT is the person who has the right or power to demand the performance or payment of the obligation.

What an obligation is demandable at once?

An obligation is demandable at once if it is pure obligation which one is not suspended by any condition, whether it has been contracted without any condition, or when thus contracted, the condition has been performed. It is immediately demandable.

What is Resolutory obligation?

A conditional obligation is one dependent on an uncertain event. If the obligation may not be enforced until the uncertain event occurs, the condition is suspensive. If the obligation may be immediately enforced but will come to an end when the uncertain event occurs, the condition is resolutory.

How many kinds of quasi contracts are there?

five typesAccording to the Indian Contract Act of 1872, there are five types of quasi-contract laws. These have been discussed below: Supply of Necessities.

What are the examples of moral obligation?

For example, one may have a moral obligation to help a friend, to support a parent in old age, or to minimally respect another’s autonomy as a moral agent. We can succeed in meeting, or fail to fulfil, our moral obligations.

What are your obligations?

An obligation is a course of action that someone is required to take, whether legal or moral. … These are generally legal obligations, which can incur a penalty for non-fulfilment, although certain people are obliged to carry out certain actions for other reasons as well, whether as a tradition or for social reasons.