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A secondary obligation, also known as an accessory obligation, is a duty that is incidental to a primary obligation. [11] A duty to perform a secondary obligation may result, for example, as a result of their breach of a primary obligation, or by another party breaching an obligation that the secondary obligor has guaranteed.
Definition and use English pron a fortiori: from stronger An a fortiori argument is an "argument from a stronger reason", meaning that, because one fact is true, a second (related and included) fact must also be true. / ˌ eɪ f ɔːr t i ˈ oʊ r aɪ, ˌ eɪ f ɔːr ʃ i ˈ oʊ r aɪ / a mensa et thoro: from table and bed
For example, a primary obligation of a nobleman could include generosity towards those around him. As those who lived on the nobles' land had obligations to the nobility, the nobility had obligations to their people, including protection at the least. [1]
An obligation is a legal bond (vinculum iuris) by which one or more parties (obligants) are bound to act or refrain from acting. An obligation thus imposes on the obligor a duty to perform, and simultaneously creates a corresponding right to demand performance by the obligee to whom performance is to be tendered.
A lien (/ ˈ l iː n / or / ˈ l iː ən /) [Note 1] is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. The owner of the property, who grants the lien, is referred to as the lienee [ 3 ] and the person who has the benefit of the lien is referred to as the ...
It is a compound term consisting of two sub-terms: delegate and obligation. To delegate is to "To hand over or assign responsibility to another, such as a subordinate in a business". [3] Obligation is more loosely defined, with several common use and legal definitions. Most broadly, it is "a duty to pay or perform". [4]
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor.Debt may be owed by a sovereign state or country, local government, company, or an individual.
The obligation both of a vow and of an oath arises from something Divine; but in different ways. For the obligation of a vow arises from the fidelity we owe God, which binds us to fulfil our promises to Him. On the other hand, the obligation of an oath arises from the reverence we owe Him which binds us to fulfil our promises to Him. [6]