Obligor
n.In an obligation,a person or an entity bound by legal agreement to pay or act, to another person is called an obliger.
Legal-Explanations.com Home ...
obligor
child support
deadbeat parents
Definition: one who owes child support ...
Obligor/Obligee: The person who has an obligation is the obligor. The person to whom this obligation is owed is the obligee.
CO-OBLIGOR - One who is bound together with one or more others to fulfil an obligation. He may be jointly or severally bound.
Obligor:
A person who is contractually or legally, committed or obliged, to providing something to another person; the recipient of the benefit being called the obligee. Also known as the "promisor." ...
obligor
(ah-bluh-gore) n. the person or entity who owes an obligation to another, as one who must pay on a promissory note.
obligor : one who is bound by an obligation to another [an obligation extinguished by performance of the ] compare creditor, debtor, obligee, promisor, surety ...
OBLIGOR or DEBTOR. The person who has engaged to perform some obligation. Louis. Code, art. 3522, No. 12. The word obligor, in its more technical signification, is applied to designate one who makes a bond.
obligor: The person that must pay child support or perform some other financial obligation.
offense: An act that violates (breaks) the law. (See also crime, public offense.) ...
Expanded Legal Definition of ObligeeObligor A person who is contractually or legally, committed or obliged, to providing something to another person (the obligee).
" TOP Obligee : 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".
one who holds an unsatisfied promissory note by which an obligor has obliged himself to pay the obligee whatever amount is due pursuant to the note. A mortgagee (lender) is an obligee, i.e., someone to whom the mortgagor (borrower) owes money.
American law is in general agreement with English, except in the case of Louisiana, where the terms obligor and obligee are used in as wide a sense as the debitor and creditor of Roman law. By art.
Persons other than the original obligor and obligee can become parties to a negotiable instrument.
: a defense of an obligor of a negotiable instrument that may be asserted even against a holder in due course ...
forfeiture of bond A failure to perform the condition upon which an obligor was to be excused from the penalty in the bond.
forge To fabricate by false imitation; e.g., to forge a signature.
forthwith Immediately; without delay; promptly.
implied contractA contract in which the promise made by the obligor is not expressed, but inferred by one's conduct or implied in law.
Refers to any employer other than the first employer of an Obligor upon whom an Order of Assignment (Wage Assignment) has been served. A subsequent employer must honor the order of assignment as the first employer did.
Subpoena: ...
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. Also sometimes referred to a "obligor."
Back To Top ...
Also sometimes referred to a "obligor." Promissory note An unconditional, written and signed promise to pay a certain amount of money, on demand or at a certain defined date in the future.
 See also: Law, Person, Obligation, Contra, Thing
  
|
RSS
