The Concept of Obligation. Grounds for the Origin of an Obligation
William B. Simons
Abstract
William B. Simons
Abstract
An obligation is a legal relationship in which one party is obliged to perform a specific action for another party or to refrain from a specific action, and the creditor has the right to demand that the debtor perform his obligation. The norms which regulate obligations constitute an important section of civil law — the law of obligations. An obligation is directed at the performance of specific actions: handing over objects, carrying out work, rendering services and paying money. All the rights of the original creditor are transferred in their entirety to the new creditor; therefore, if someone guarantees to perform a debtor’s obligation for the original creditor, the guarantee remains in force for the new creditor. Obligations between socialist organizations and citizens, as well as between citizens, originate for the most part directly from contracts. The basis for the origin of an obligation in such an instance is the tortious act carried out by a party.
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An obligation is a legal relationship in which one party is obliged to perform a specific action for another party or to refrain from a specific action, and the creditor has the right to demand that the debtor perform his obligation. The norms which regulate obligations constitute an important section of civil law — the law of obligations. An obligation is directed at the performance of specific actions: handing over objects, carrying out work, rendering services and paying money. All the rights of the original creditor are transferred in their entirety to the new creditor; therefore, if someone guarantees to perform a debtor’s obligation for the original creditor, the guarantee remains in force for the new creditor. Obligations between socialist organizations and citizens, as well as between citizens, originate for the most part directly from contracts. The basis for the origin of an obligation in such an instance is the tortious act carried out by a party.
Key concepts: Obligation, Philosophy, Law, Political science