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Obligor
ObligorThe person who owes money or property as the result of a judgment. RELATED TERMS-------------------------------------- Person This word is applied to men, women and children, who are called natural persons. Money Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money. Property Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property. Judgment Practice. The decision or sentence of the law, given by a court of justice or other competent tribunal, as the result of proceedings instituted therein, for the redress of an injury. SIMILAR TERMS-------------------------------------- Obligation In its general and most extensive sense, obligation is synony- mous with duty. In a more technical meaning, it is a tie which binds us to pay or to do something agreeably to the laws and customs of the country in which the obligation is made. Obligation of contracts By this expression, which is used in the consti- tution of the United States, is meant a legal and not merely a moral duty. The obligation of contracts consists in the necessity under which a man finds himself to, do, or to refrain from doing something. This obligation consists generally both in foro legis and in foro conscientice, though it does at times exist in one of these only. It is certainly of the first, that in foro legis, which the framers of the constitution spoke, when they prohibited the passage of any law impairing the obligation of contract. Obligations of confidentiality Where information is original and not publicly known, it may be considered to be confidential information. If you need to disclose it to another, an obligation of confidentiality must be imposed on the recipient - this will allow you legal remedies against the recipient if the obligation is broken. In certain circumstances, where trust is implicit in an arrangement that obligation may be implied even where there is no written agreement. With employees, implied obligations of confidentiality apply during employment - post employment restrictions in relation to confidential information should generally be expressly agreed in writing, preferably in the employment contract. Obligatory forum court statute In the conflict of laws, an obligatory forum court statute is a national statute or international convention, which is compulsorily applicable whenever any case on the subject of that statute or convention is heard in the courts of the State in question. Most legal authors do not distinguish obligatory forum court statutes from public order (infra) or mandatory rules (supra) of the forum, but such statutes are distinguishable from both those concepts, in that they are obligatorily applied by the forum court, whenever a case involving their subject matter is tried in such a court, rather than because of any connecting factor (contact) linking the case to the law of that forum (State). Obligee Obligee or creditor. Contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something. PREVIOUS AND NEXT TERMS-------------------------------------- Obligation In its general and most extensive sense, obligation is synony- mous with duty. In a more technical meaning, it is a tie which binds us to pay or to do something agreeably to the laws and customs of the country in which the obligation is made. Obligation of contracts By this expression, which is used in the consti- tution of the United States, is meant a legal and not merely a moral duty. The obligation of contracts consists in the necessity under which a man finds himself to, do, or to refrain from doing something. This obligation consists generally both in foro legis and in foro conscientice, though it does at times exist in one of these only. It is certainly of the first, that in foro legis, which the framers of the constitution spoke, when they prohibited the passage of any law impairing the obligation of contract. Obligations of confidentiality Where information is original and not publicly known, it may be considered to be confidential information. If you need to disclose it to another, an obligation of confidentiality must be imposed on the recipient - this will allow you legal remedies against the recipient if the obligation is broken. In certain circumstances, where trust is implicit in an arrangement that obligation may be implied even where there is no written agreement. With employees, implied obligations of confidentiality apply during employment - post employment restrictions in relation to confidential information should generally be expressly agreed in writing, preferably in the employment contract. Obligatory forum court statute In the conflict of laws, an obligatory forum court statute is a national statute or international convention, which is compulsorily applicable whenever any case on the subject of that statute or convention is heard in the courts of the State in question. Most legal authors do not distinguish obligatory forum court statutes from public order (infra) or mandatory rules (supra) of the forum, but such statutes are distinguishable from both those concepts, in that they are obligatorily applied by the forum court, whenever a case involving their subject matter is tried in such a court, rather than because of any connecting factor (contact) linking the case to the law of that forum (State). Obligee Obligee or creditor. Contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something. Obligor Obreption Civil law. Surprise. Obscenity Criminal law. Such indecency as is calculated to promote the violation of the law, and the general corruption of morals. Obsolescence One of the causes of depreciation: an impairment of desirability and usefulness caused by new inventions, current changes in design, improved processes of production, or external factors that make a property less desirable and valuable for a continued use. Obsolete This term is applied to those laws which have lost their efficacy, without being repealed. Obstructing justice An act which tends to impede or thwart the administration of justice. Examples include trying to bribe a witness or juror or providing law enforcement officers with information known to be false. We thank you for using the Juridical Dictionary to search for Obligor. If you have a better definition for Obligor than the one presented here, please let us know by making use of the suggest a term option. This definition of Obligor may be disputed by other professionals. Our attempt is to provide easy definitions on Obligor and any other medical topic for the public at large.
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