Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 8, 2025
In many cases the words also connote actions which would be done under certain contingencies by persons other than those denoted: as the words mortgagor and mortgagee, obligor and obligee, and many other words expressive of legal relation, which connote what a court of justice would do to enforce the legal obligation if not fulfilled.
In many cases the words also connote actions which would be done under certain contingencies by persons other than those denoted: as the words mortgagor and mortgagee, obligor and obligee, and many other words expressive of legal relation, which connote what a court of justice would do to enforce the legal obligation if not fulfilled.
Every enforcible bond must be in writing and under seal. The maker of a bond by the act acknowledges a liability in the form of a debt or a duty. The maker of a bond is the "obligor." The party to whom it is made is the "obligee." The bond names the liability or indebtedness; then follows the condition wherein it is stated the particular thing that the obligor is to do, or not to do.
Word Of The Day
Others Looking