14. A principal obligation is one which is the most important object of the engagement of the contracting parties.
In its most extended meaning, a condition is a clause in a contract or agreement which has for its object to suspend, rescind or modify the principal obligation; or in case of a will, to suspend, revoke, or modify the devise or bequest.
a second creditor) for another with regard to a legal right or claim <~s the trustee to the priority and avoidance rights of certain unsecured creditors J. J. White and R. S. Summers> <the surety who pays the principal obligation is ...
 See also: Right, Person, Principal, Obligation, Estate
  
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