Law of obligations

From WikiMD's Wellness Encyclopedia

Law of obligations is a branch of private law that deals with the legal duties and responsibilities between parties in a contractual or quasi-contractual relationship. It is a fundamental aspect of civil law systems, and is also present in common law jurisdictions, although the terminology and principles may differ.

Overview[edit | edit source]

The law of obligations is concerned with the rights and duties that arise between individuals or legal entities due to a contract, tort, or other legal relationship. These obligations can be either positive, requiring a party to perform a certain action, or negative, prohibiting a party from performing a certain action.

Contractual obligations[edit | edit source]

Contracts are the most common source of obligations. A contract is a legally binding agreement between two or more parties, which creates obligations that are enforceable or otherwise recognizable at law. The parties to a contract are obliged to perform their respective promises, and failure to do so may result in legal consequences such as damages or specific performance.

Tortious obligations[edit | edit source]

Torts are another source of obligations. A tort is a civil wrong that causes harm or loss to another, and the law provides a remedy for the harm. The person who commits the tort (the tortfeasor) has an obligation to compensate the victim for the harm caused.

Quasi-contractual obligations[edit | edit source]

Quasi-contractual obligations arise not from an agreement between the parties, but from the law itself. These obligations are imposed by law to prevent unjust enrichment. For example, if a person receives a benefit from another person without a legal basis, the law may impose an obligation on the recipient to return the benefit.

Enforcement of obligations[edit | edit source]

The enforcement of obligations is a key aspect of the law of obligations. If a party fails to fulfill their obligations, the other party may seek redress through the courts. The courts may order the defaulting party to fulfill their obligations, or to pay damages to compensate for the breach.

See also[edit | edit source]

WikiMD
Navigation: Wellness - Encyclopedia - Health topics - Disease Index‏‎ - Drugs - World Directory - Gray's Anatomy - Keto diet - Recipes

Search WikiMD

Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD

WikiMD's Wellness Encyclopedia

Let Food Be Thy Medicine
Medicine Thy Food - Hippocrates

Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.

Contributors: Prab R. Tumpati, MD