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- Examples of obligations include12:
- Legal obligations: e.g. informing the police about a crash.
- Moral obligations: e.g. protecting the environment.
- Contractual obligations: e.g. complying with terms in a contract.
- Professional obligations: e.g. maintaining confidentiality.
- International obligations: e.g. promises made by a country.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Beach operators do not have a legal obligation to provide against injury or drowning. One has an obligation to one's friends. It's her moral obligation to tell the police what she knows. Are you under a contractual obligation to any other company? You have a legal obligation to inform the police about the crash.dictionary.cambridge.org/us/dictionary/english/oblig…- legal/professional/financial obligations
- They reminded him of his contractual obligations.
- The country has promised to comply with its international obligations.
www.oxfordlearnersdictionaries.com/definition/engli… - People also ask
47 Obligations Examples (2024) - Helpful Professor
WEBJan 25, 2024 · Obligation Examples. I’ll split the examples into the three categories: moral, legal, and social. 1. Social Obligations. 1. Respect for Others. Respect for others is one of our core duties to one another, taught to us by our parents in childhood. This can include …
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- The failure to meet one's obligations is often met with punishment, the degree of which depends on the character of the contract. For example, if an individual fails to make their car payments regularly, the auto company will repossess the car. Taxes, too, are a form of obligation, and failing to meet them results in large fines or imprisonment. Wh...
WEBNov 21, 2023 · Understand what obligation is and learn its legal definition. Examine different types of obligation, and see examples of obligation. Updated: 11/21/2023.
Understanding the Legal Definition of Obligation: Importance, …
WEBOct 14, 2019 · Let’s delve into a few examples to illustrate the concept of obligations: 1. Contractual Obligations: When you enter into a contract with another party, you are …
WEBObligation is the moral or legal duty that requires an individual to perform, as well as the potential penalties for the failure to perform. An obligation is also a duty to do what is …
WEBAn obligation is a course of action that someone is required to take, whether legal or moral. Obligations are constraints; they limit freedom. People who are under obligations …
WEBApr 8, 2024 · A contract obligation is a legally binding official document that forms a contract relationship between two or more parties. It is enforced by law, and each party …
WEBThe popular meaning of the term “obligation” is a duty to do or not to do something. In its legal sense, obligation is a civil law concept. An obligation can be created voluntarily, …
WEBFeb 1, 2023 · Examples of Contract Obligations. Contractual obligations depend upon the subject matter of a contract. For instance, a sales contract may have altogether different …
WEBThe meaning of OBLIGATION is the action of obligating oneself to a course of action (as by a promise or vow). How to use obligation in a sentence.
What is a Contractual Obligation and How is It …
WEBMay 18, 2023 · Contractual obligations are the terms that all parties commit to when they sign a contract. The most common types of contractual obligations include delivery, timelines, payment terms, …
Define Contractual Obligations: Everything You Need to Know
WEBContract Obligation Examples. The kinds of contract obligations you will encounter will depend on the type of contract you are entering into. A contract of sales will be much …
OBLIGATION Definition & Meaning | Dictionary.com
WEBObligation definition: something by which a person is bound or obliged to do certain things, and which arises out of a sense of duty or results from custom, law, etc.. See examples …
Modal Verbs of Obligation — Examples and Worksheet
WEBThe four most common modal verbs of obligations are must, have to, should, and ought to. We use these modal verbs in any form for rules, laws, strong advice, and warm …
Law of obligations - Wikipedia
WEBThe specific rights and duties are referred to as obligations, and this area of law deals with their creation, effects and extinction. An obligation is a legal bond (vinculum iuris) by …
Obligation Definition & Example | InvestingAnswers
WEBJun 1, 2021 · An obligation is a legal requirement to fulfill a responsibility. In the finance world, this often involves making specific payments by specific dates and/or ensuring …
OBLIGATION | definition in the Cambridge English Dictionary
WEB[ C or U ] a legal or moral duty to do something: a legal / moral obligation. an obligation to do sth There is a legal obligation to publish accounts. We have an obligation to generate …
What Are Examples of Current Liabilities? - Investopedia
WEBMay 31, 2024 · Examples of current liabilities include accounts payables, short-term debt, accrued expenses, and dividends payable. Current liabilities can be compared …
9 Examples of Social Obligation - Simplicable
WEBApr 20, 2020 · Social obligation is the requirement that organizations have a positive impact on people and planet. This goes beyond cosmetic issues of reputation to the …
Family Obligations: What Are They & Common Examples
WEBThe most common is the parental obligations to children; to raise, feed, clothe, house, and love them. In addition, many cultures have expectations of children caring for their …
Financial Obligation: Everything You Need to Know - UpCounsel
WEBAny form of money can represent a financial obligation – coins, bank notes, or bonds are financial promises that you will be credited the current value of the item. Financial …
On Moral Obligations and Our Chances of Fulfilling Them
WEBJul 14, 2020 · For example, one may have a moral obligation to help a friend, to support a parent in old age, or to minimally respect another’s autonomy as a moral agent. 1. We …
Liability: Definition, Types, Example, and Assets vs. Liabilities
WEBFeb 25, 2024 · A liability (generally speaking) is something that is owed to somebody else. Liability can also mean a legal or regulatory risk or obligation. In accounting, companies …
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