Obligor Study guides, Class notes & Summaries

Louisiana Notary Exam Part 1 Questions and Answers 100% Correct Louisiana Notary Exam Part 1 Questions and Answers 100% Correct Louisiana Notary Exam Part 1 Questions and Answers 100% Correct Pact de non Alienando - ANSWER-Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - ANSWER-An official written certificat...

Obligation - Answer A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - Answer An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - Answer A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: - Answer A contract in which each party obtains an advantage i...

Obligation - ANSWER A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - ANSWER An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - ANSWER A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: - ANSWER A contract in which each party obtains an advantage in exchange f...

Acquit - ️️to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge Bail Enforcement - ️️the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted obligor - ️️the party who owes the duty or debt; principal; in bail,the defendant Appearance bond - ️️the range of a criminal...

Louisiana 45-Hour Salesperson Post-License Course Exam Obligation - Answer ️️ -A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - Answer ️️ -An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - Answer ️️ -A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contrac...

Louisiana Notary Exam Part 1, Louisiana Notary Prep with Complete Solutions Louisiana Notary Exam Part 1, Louisiana Notary Prep with Complete Solutions Louisiana Notary Exam Part 1, Louisiana Notary Prep with Complete Solutions Pact de non Alienando - ANSWER-Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - ANSWER-An of...

Acquit - correct answer -to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge Bail Enforcement - correct answer -the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted obligor - correct answer -the party who owes the duty or debt; principal; in bail,the defendant Appearance bond -...

Bail Bond Test Questions With Answers Which of the following is correct regarding compensatory damages ? - ANSWER- compensatory damages pay a victim for his loss which of the following if any is correct regarding punitive damages? - ANSWER- punitive damages are designed to punish the wrongdoer and set an example for others which of the following is correct regarding international torts ? - ANSWER- -a tort is civil wrong committed against an individual -one who commits a tort may be re...

REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS TEST BANK OBLIGATIONS The following are the requisites of an oblicon, except: a. Passive subject, debtor or obligor. b. Active subject, creditor, or oblige. c. Efficient cause. d.Demand. Obligations may arise from any of the following, except: a.Contracts. b.Quasi-contracts. c.Law. d.Prestation. It is the voluntary administration of the property of another without his consent. a.Negotiorum gestio Solutio indebiti c.Quasi-delic...

Louisiana Notary Exam Part 1 Questions and Answers 100% CorrectLouisiana Notary Exam Part 1 Questions and Answers 100% CorrectLouisiana Notary Exam Part 1 Questions and Answers 100% Correct Pact de non Alienando - ANSWER-Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - ANSWER-An official written certificate of the cor...