About this document
Understanding Pure Business Obligations by Rose Ann Lavapie is a document available to read on EtoBox.
1. An obligation in business law refers to the requirements outlined in a contract for one party to do or refrain from doing something. There are penalties for failing to fulfill obligations. 2. There are six kinds of obligations: pure/conditional; with/without a time period; alternative; joint/solidary; divisible/indivisible; and those with penal clauses to ensure performance. 3. Those with obligations have a duty to take proper care of the object as a good family head would, unless specified otherwise
- Author
- Rose Ann Lavapie
- Language
- EN