contracts. The person in favor of whom some obligation is contracted, whether such obligation be to pay money, or to do, or not to do something. Louis. Code, art. 3522, No. 11. 2. Obligees are either several or joint, an obligee is several when the obligation is made to him alone; obligees are joint when the obligation is made to two or more, and, in that event, each is not a … [Read more...] about OBLIGEE OR CREDITOR
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OBSIGNARE
Latin: In the civil law. To seal up; as money that had been tendered and refused. … [Read more...] about OBSIGNARE
OBLIGOR
The person who has engaged to perform some obligation. … [Read more...] about OBLIGOR
OBSIGNATORY
Ratifying and confirming. … [Read more...] about OBSIGNATORY
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. 2. Obligors are joint and several. They are joint when they agree to pay the obligation jointly, and then the survivors only are liable upon it at law, but in equity the assets of a deceased … [Read more...] about OBLIGOR OR DEBTOR