Heritable Obligation - Law Dictionary Search Results
Home Dictionary Name: heritable obligationheritable obligation
heritable obligation see obligation ...
obligation
obligation 1 : a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment) ;also : the binding power of such an agreement or indication [held that the amendment did not unconstitutionally impair the s of contracts "Davis v. American Family Mut. Ins. Co., 521 N.W.2d 366 (1994)"] 2 : a debt security (as a corporate or government bond) see also collateralized mortgage obligation 3 : what one is obligated to do, satisfy, or fulfill: as a : a commitment to pay a particular amount of money [does not create a debt, liability, or other , legal or moral "State v. Florida Dev. Fin. Corp., 650 So. 2d 14 (1995)"] ;also : an amount owed in such a commitment b : a duty arising from law, contract, or morality [had a legal as an employer] [a contractual ] 4 in the civil law of Louisiana : a relationship that binds one party to a performance (as a payment or transfer) or nonperformance for another party see also contract, offense, quasi-offen...
heritable
heritable : inheritable ...
Heritability
The state of being heritable...
Heritable Bond
Heritable Bond, a bond for money, joined with a conveyance of land or heritage, to be held by a creditor as security for his debt, Scots term....
Heritable genetic material
Heritable genetic material, means genes or other genetic material, in any form, whether in cellular or sub-cellular entities, which are capable of being replicated or transferred by any means [See (English) Environment Protection Act, 1990, Pt. VI (ss. 106-127) (as amended)]...
Heritable Jurisdiction
Heritable Jurisdiction, grants of criminal jurisdic-tion, anciently bestowed on great families in Scotland, with a view to the more easy administra-tion of justice. Abolished by 20 Geo. 2, c. 43....
Heritable Rights
Heritable Rights, all rights to land, or whatever is connected with land, as mills, fishing, tithes, etc., Scots term....
Heritable Securities in Scotland
Heritable Securities in Scotland. See 23 & 24 Vict. cc. 15, 80....
Obligation
Obligation, an act which binds a person to some performance; also a bond containing a penalty, with a condition annexed for paying of money at a certain time, or for the performance of a covenant, etc.; also foreign government and other bonds and debentures.In Bhudeb Mookerjee v. Kalachand Malik, 34 Cal LJ 315: AIR 1921 Cal 129, that the word obligation in s. 54 of the Specific Relief Act may be taken to be a tie or bond which constrains a person to do or suffer something. It implies a right in another person to which it is correlated and it restricts the freedom of the obligee with respect to definite acts and forbearances but in order that it may be enforced by a court, it must be a legal obligation and not merely moral, social or religious, Hyderabad Stock Exchange Ltd. v. Rangnath Rathi and Co., AIR 1958 AP 43 (47). [Specific Relief Act, 1877, s. 54]Means 'a duty; the bond of legal necessity which binds together two or more determinate individuals. It is limited to legal duties ari...
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