About this document
Understanding Legal Obligations Explained by Andrei Kenneth Dumlao is a document available to read on EtoBox.
An obligation is a legal bond requiring one party to perform a duty in favor of another, which can involve giving, doing, or refraining from an action. Essential elements of an obligation include a debtor, a creditor, an object or prestation, and a juridical tie. The document also distinguishes between civil obligations, which are enforceable by law, and natural obligations, which are based on equity and do not grant a right of action.
- Author
- Andrei Kenneth Dumlao
- Language
- EN