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An obligation is a juridical necessity that binds a debtor to give, do, or not do something for a creditor. It arises from a juridical tie between the parties and involves a prestation or performance by the debtor. The main elements of an obligation are the juridical tie, prestation, debtor, and creditor. Obligations can involve giving, doing, or not doing something and are classified based on their source, which includes contracts, laws, quasi-contracts, delicts, and quasi-delicts. Default legal remedies f

Author

Marcus

Language

EN