Conditional Obligation - Law Dictionary Search Results
condition
policyholder or the insurer set forth in an insurance policy conditional adj conditionally adv vt conditioned conditioning : to make subject … or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and esp. a
conditional obligation
conditional obligation see obligation
Bailment
whole, a bailment may be described as a delivery on condition, to which the law usually attaches an obligation to redeliver
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obligation
benefit, and, in the case of conventional obligations, a cause. conditional obligation : an obligation that is dependent on an uncertain event
Condition
unless otherwise agreed, the payment of the purchase money is conditional upon the conveyance and vice versa. Conditions may be imposed … or cease. Condition has been used in connection with personal obligations to distinguish one kind of obligation from another in the
bond
from performing an act (as committing a crime) with the condition that failure to perform or abstain will obligate the person … a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as
Double or conditions bond
penalty. This form of bond is called a double or conditional bond, and consists of two parts: First, the obligation, and
Precedent condition
Precedent condition, such as must happen or be performed before an estate … before an estate can vest or be enlarged, or an obligation be performed. See CONDITION PRECEDENT.
trust
or duty imposed in faith or confidence or as a condition of some relationship b : something committed or entrusted to … United States "U.S. Constitution art. VI"] c : the condition, obligation, or right of one to whom something is confided :
arrear
arrear 1 a : the condition of being behind in one's duties or esp. financial obligations … condition of being behind in one's duties or esp. financial obligations usually used in pl. [in s with the rent] b
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