Spletborrower obligor As nouns the difference between borrower and obligor is that borrower is one who borrows while obligor is the party bearing a legal obligation to another party, the obligee. Spletobligor (ah-bluh-gore) n. the person or entity who owes an obligation to another, as one who must pay on a promissory note. Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. …
Creditor
Splet1. It is a juridical relation whereby a person may demand from another the observance of a determinative conduct, and in case of breach, may demand satisfaction from the assets of the latter. a. Natural obligations b. Moral obligations c. Civil obligations d. Contracts 2. Which of the following can never be enforced in court? a. SpletIn general, to exempt the obligor from liability for a breach of an obligation by reason of a fortuitous event, the following requisites must concur: (a) the cause of the breach of the obligation must be independent of the will of the debtor; (b) the event must be either unforeseeable or unavoidable; (c) the event must be such as to render it ... tracy ann spence
Article 1169 Obligations and Contracts
SpletThere are various types of demand guarantee, including tender, performance and advance payment. Similar in nature to standby letters of credit, they differ from true guarantees … SpletOblicon law 1.the following are the requisites of an obligation, except passive and active subject prestation efficient cause demand 2.the right of the creditor Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Mindanao Far Eastern University SpletThere are various types of demand guarantee, including tender, performance and advance payment. Similar in nature to standby letters of credit, they differ from true guarantees (that is, contracts of suretyship). The obligation of the guarantor to make payment under a true guarantee is a secondary obligation dependent on the beneficiary establishing that the … tracy ann thomas