Obligee - Law Dictionary Search Results
Bond
382. The person giving the bond is called the obligor, and he to whom it is given the obligee. A bond is called single (simplex obligatio) when it is without a penalty, but there is generally a
Lex neminem cogit ad vana seu inutilia peragenda
making, but before it can be performed becomes impossible by an act of God, the law, or the obligee, the obligation is saved.
Lloyd's bonds
the seal of a railway company, admitting the indebtedness of the company to a specified amount to the obligee, with a covenant to pay him such amount with interest on a future day. So called from the
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Obligation
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,
Stamp duties
created the new offence of not stamping, imposing the special penalty of ten pounds, which falls upon the obligee, vendee or transferee, lessee or intended lessee, mortgagee, or settlor, as the case may be, for not stamping
Discussion
Discussion. By the Roman Law sureties were not primarily liable to pay the debt for which they became bound as sureties: but were liable only after the creditor had sought payment from the principal debtor, and...
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