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Every obligation has four essential requisites otherwise known as the elements of obligation. They are: the obligor: obligant duty-bound to fulfill the obligation; he who has a duty. the obligee: obligant entitled to demand the fulfillment of the obligation; he who has a right. the subject matter, the prestation: the performance to be tendered.
Contract law. Contract law regulates the obligations established by agreement, whether express or implied, between private parties in the United States. The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law.
Consideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is the price one pays for another's promise. It can take a number of forms: money, property, a promise, the doing of an act, or even refraining from doing an act. In broad terms, if one agrees to do ...
Customary international law are international obligations arising from established or usual international practices, which are less formal customary expectations of behavior often unwritten as opposed to formal written treaties or conventions. [1][2] Customary international law is an aspect of international law involving the principle of custom ...
Obligation. An obligation is a course of action which someone is required to take, be it a legal obligation or a moral obligation. Obligations are constraints; they limit freedom. People who are under obligations may choose to freely act under obligations. Obligation exists when there is a choice to do what is morally good and what is morally ...
Kantian ethics refers to a deontological ethical theory developed by German philosopher Immanuel Kant that is based on the notion that "I ought never to act except in such a way that I could also will that my maxim should become a universal law." It is also associated with the idea that "it is impossible to think of anything at all in the world ...
Durkheim agrees with Kant that within morality, there is an element of obligation, "a moral authority which, by manifesting itself in certain precepts particularly important to it, confers upon [moral rules] an obligatory character." [51]: 38 Morality tells us how to act from a position of superiority. There exists a certain, pre-established ...
t. e. The doctrine of privity of contract is a common law principle which provides that a contract cannot confer rights or impose obligations upon anyone who is not a party to that contract. [1] It is related to, but distinct from, the doctrine of consideration, according to which a promise is legally enforceable only if valid consideration has ...