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Law  Obligation of contracts  Obligor

n.In an obligation,a person or an entity bound by legal agreement to receive or owe, from another person is called an obligee
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Obligor/: The person who has an obligation is the obligor. The person to whom this obligation is owed is the .

The person who is to receive the benefit of someone else's obligation; that "someone else" being the obligor. Also called a "promisee." Some countries refer to the recipient of family support as an "obligee".

(ah-bluh-jee) n. the person or entity to whom an obligation is owed, like the one to be paid on a promissory note.

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. Louis. Code, art. 3522, No. 11.

: The person, state agency, or institution owed a debt (usually money) like child support (also called "custodial party" if the money is owed to the person with primary custody of a child).

Commonly refers to the person to whom monthly support is payable.
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Synonymous to .
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See also child, obligee, obligor, support enforcement agency
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: a formal written acknowledgment by an (as a mortgagee) that an obligation has been satisfied and that the obligor is discharged
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joint and several liability - Describes the liability of copromisors of the same performance when each of them, individually, has the duty of fully performing the obligation, and the obligee can sue all or any of them upon breach of ...

There must be parties to a bond, an obligor and ; for where a bond was made with condition that the obligor should pay twenty pounds to such person or persons; as E. H.

1 : an equitable doctrine holding that when a third party pays a creditor or obligee the third party succeeds to the creditor's rights against the debtor or obligor
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When a bond is given to a class of persons, it is good, and all composing that class are entitled to sue upon it; but if the obligor be a member of such class, the bond is void, because a man cannot be obligor and at the same-time; as, ...

A person who pledges collateral for the contract of another, but separately, as part of an independently contract with the obligee of the original contract. Compare with "surety."
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Townsend, 2 Hill 551 (1842); - a written instrument under seal, containing a contract of agreement which has been delivered by the party to be bound and accepted by the or covenantee. McMurty v. Brown, 6 Neb. 376 (1877).

Synonymous to "obligee." TOP Promisor : The person who has become obliged through a promise (usually expressed in a contract) towards another, the intended beneficiary of the promise being referred to as the promisee.

See also: See also: Law, Person, Obligation, Court, Contract

Law  Obligation of contracts  Obligor

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