Obligation - Law Dictionary Search Results
Equitable estates and interests
alone was entitled, both in law and equity, to the property, and he alone was responsible for the obligations and incidents attaching to the property, the beneficial owner merely having a personal right inequity to force the
partnership
lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each partner is viewed as the other's agent and, traditionally, is jointly and severally liable for the tortious
Oyer
by (English) C.L.P. Act, 1852, 55. Means a party having a right to demand oyer is yet not obliged, in all cases, to exercise that right; nor is he obliged, in all cases, offer demanding it, to
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Property
42, List III has a wide connotation; and it includes not only assets, but the organisation, liabilities and obligations of a going concern as a unit, Shri Krishna Gyanoday Sugar Ltd. v. State of Bihar, AIR 2003
Actio directa and contraria
Actio directa and contraria. Contracts and obligations in the Roman Law gave rise to two actions: the actio directa for enforcing implement of the essential
virile share
obligor (as a partner) is liable: as a : an amount due from the obligor under a solidary obligation (as a debt) arising from a contract or quasi contract that is equal to that of each other
stakeholder
stakeholder 1 : a person holding property or owing an obligation that is claimed by two or more adverse claimants and who has no claim to or interest in
several
: enforceable separately against each party [each promisor owed a duty] see also several liability at liability several obligation at obligation b : being separately or individually responsible, liable, or obligated [a obligor] compare joint 2 :
satisfy
satisfy -fied -fy·ing 1 a : to carry out the terms or obligation of (as by payment of money) [refused to the judgment against her] [ a condition precedent] ;broadly :
satisfaction
: the act or fact of satisfying b : execution of an accord by performance of the substituted obligation often used in the phrase accord and satisfaction compare accord, transaction c : a document indicating that an
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