Obligee - Law Dictionary Search Results
obligee
obligee : one (as a creditor) to whom another is legally
Obligee
Obligee, means (1) One to whom an obligation is owed; a
obligation
obligation that may be enforced by the successor of the obligee or against the successor of the obligor joint obligation 1
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solidary
obligation [when one obligor owes an indivisible performance to distinct obligees, the obligees are obligees "Foreman v. Montgomery, 496 So. 2d
debtor
person who owes a debt see also bankrupt compare creditor, obligee, obligor NOTE: The Bankruptcy Act of 1978 calls the person
liability
any one obligor liable for the entire obligation to the obligee but also apportions the liability among the obligors so that
obligor
obligation extinguished by performance of the ] compare creditor, debtor, obligee, promisor, surety
satisfaction piece
satisfaction piece : a formal written acknowledgment by an obligee (as a mortgagee) that an obligation has been satisfied and
subrogation
holding that when a third party pays a creditor or obligee the third party succeeds to the creditor's rights against the
obligee
The person to whom another is bound or the person to whom a bond is given
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