Obligation - Law Dictionary Search Results
confusion
in property into one compare merger 2 in the civil law of Louisiana : the termination of an obligation by a person acquiring the right from which the obligation arose 3 : the mixing or blending together
bind
bind bound [band] bind·ing 1 a : to make responsible for an obligation (as under a contract) [agents have the power to the insurer "R. I. Mehr"] b : to burden
bill
of sale 6 : a piece of paper money 7 : a written instrument providing proof of an obligation to pay money bill of credit : an instrument written by a banker certifying to another that a
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bad faith
bad faith : intentional deception, dishonesty, or failure to meet an obligation or duty [no evidence of bad faith] compare good faith in bad faith : with or characterized by
assumption of risk
assumption of risk :a doctrine that a person may in advance relieve another person of the obligation to act towards him or her with due care and may accept the chance of being injured ;also
acquit
[Old French acquiter to pay off, absolve, acquit, from a-, prefix marking causation + quite free (of an obligation)] vt : to discharge completely: as a : to release from liability for a debt or other obligation
accord
an accepted offer by which the parties agree that a specified future performance will discharge in full an obligation when performed even though the performance is of less value than the original obligation ;also : the defense
Undertake
a task or a journey; and specifically, to take upon oneself solemnly or expressly. To lay oneself under obligation or to enter into stipula-tion; to perform or to execute; to covenant; to contract. Hence, to guarantee; be
Salary or wages
any sale, Commissioner of Sales Tax v. Purshottam Premji (1970) 2 SCC 287. A transaction in which an obligation to supply goods is imposed, and which a dose not involve an obligation to enter into a contract,
Banker
as the owner has occasion for it, the customer being lender, and the banker borrower, with the superadded obligation of honouring the customer's cheques up to the amount of the money received and still in the banker's
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