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OBLIGATION , in See also:
Obligations may be either perfect or imperfect. A perfect obligation is one which is directly enforceable by legal proceedings; an imperfect or moral obligation (the naturalis obligatio of Roman law) is one in which the vinculum juris is in some respects incomplete, so that it cannot be directly enforced, though it is not entirely destitute of legal effect. A perfect obligation may become imperfect by See also: lapse of See also:time or other means, and, conversely, an imperfect obligation may under certain circumstances become perfect. Thus a See also:debt may be barred by the See also:Statute of Limitations and so cease to be enforce-able. The obligation, however, remains, though imperfect, for if there be a subsequent See also:acknowledgment by the debtor, the debt revives, and the imperfect obligation becomes again perfect. At one See also:period there was some doubt among English lawyers whether a moral obligation could be regarded as sufficient See also:consideration for a contract; it has now, however, been See also:long decided that it cannot be so regarded. See also:American law is in See also:general agreement with English, except in the case of See also:Louisiana, where the terms obligor and obligee are used in as wide a sense as the debitor and creditor of Roman law. By See also:art. 3522 of the Louisiana See also:civil See also:code obligor or debtor means the person who has engaged to perform some obligation, obligee or creditor the person -in favour of whom some obligation is contracted, whether such obligation be to pay money or to do or not to do something. The term obligation is important in See also:America from its use in art. i. s. ro of the constitution of the See also:United States, "No See also:state . . . shall pass any ... law . . . impairing the obligation of contracts." This does not affect the See also:power of See also:Congress to pass such a law.Contracts between private individuals are of course within the See also: provision. So are private conveyances, charters of private corporations and statutory and other grants by a state. On the other See also:hand, See also:marriage and See also:divorce, and arrangements which are See also:political in their nature, such as charters of municipal corporations, licences to carry on particular trades or regulations of See also:police are not within the provision. In See also:order to fall within it, the law must act upon the terms of the agreement, and not merely upon the mode of See also:procedure. If it act not upon the terms but upon the remedy, it impairs the obligation if it purport to be retrospective, but it is valid so far as it applies to subsequent contracts.Additional information and CommentsThere are no comments yet for this article.
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