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An example of obligation is for a student to turn in his homework on time every day. A moral or legal duty to perform or to not perform some action. The constraining power of a promise, contract, law, or sense of duty.
OBLIGATIONS PURE OBLIGATIONS. obligations whose performance does not depend upon a future and uncertain event or upon a past event unknown to the parties and is demandable at once. DISTRIBUTIVE OBLIGATION. when only one of the prestations or objects is demandable.
The definition of an obligation is something that someone is required to do. An example of obligation is for a student to turn in his homework on time every day. A moral or legal duty to perform or to not perform some action.
3a : a condition or feeling of being obligated felt an obligation to vote. b : a debt of gratitude returned the favor as an obligation. 4 : something one is bound to do : duty, responsibility countries in which military service is an obligation fulfilled their familial obligations.
DIFFERENT KINDS OF OBLIGATION Pure and conditional obligation. Obligations with a period. Alternative and facultative obligations. Joint and solidary obligations. Divisible and indivisible obligations. Obligations with a penal clause.

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A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty. A legally enforceable contract requires the following elements, all of which are discussed in more detail below.
Forms of Obligation absolute obligation. contractual obligation. express obligation. moral obligation. penal obligation.
The main forms of Obligation include; contractual, absolute, penal, moral, and express.
For example, if an individual fails to make their car payments regularly, the auto company will repossess the car. Taxes, too, are a form of obligation, and failing to meet them results in large fines or imprisonment.
They are: the obligor: obligant duty-bound to fulfill the obligation; he who has a duty. the obligee: obligant entitled to demand the fulfillment of the obligation; he who has a right. the subject matter, the prestation: the performance to be tendered.

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Obligation | Wex | US Law | LII / Legal Information Institute

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