Example of conditional obligation
WebFor example, a bank which has a mortgage on a property. Where Conditional Contracts Should NOT Be Used If parties are waiting for permission to sell, buy, etc., it might be a better idea to wait for the permission instead of entering into a conditional agreement. … WebConjunctive, disjunctive condition. A condition can be classified as to number. Conjunctive condition refers to several conditions and all must be fulfilled or performed. Disjunctive or alternative condition refers to several conditions and only one or some of them must be …
Example of conditional obligation
Did you know?
WebRESOLUTORY CONDITION. On which has for its object, when accomplished, the revocation of the principal obligation; for example, I will sell you my crop of cotton, if my ship America does not arrive in the United States, within six months. My ship arrives in … WebRESOLUTORY CONDITION. On which has for its object, when accomplished, the revocation of the principal obligation; for example, I will sell you my crop of cotton, if my ship America does not arrive in the United States, within six months. My ship arrives in one month, my contract with you is revoked. 1 Bouv. Inst. n. 764.
WebGive an example scenario that may apply the pure and conditional obligation: A pure obligation is one that is demandable at once because it does not depend upon a future or uncertain event, not on a past event unknown to the parties and is not an obligation with … WebThis is also a valid obligation. Example 1: I will give you P10,000 if you'll marry X this year. Example 2: ... If the condition is POTESTATIVE and the fulfillment depends EXCLUSIVELY upon the WILL of the DEBTOR, the CONDITIONAL OBLIGATION shall be void. If the CONDITION is POTESTATIVE and the FULFILLMENT depends EXCLUSIVELY upon …
WebAn unlawful or illegal condition is one forbidden by law. Unlawful conditions have for their object; l. to do something malum in se, or malum prohibitum; 2. to omit the performance of some duty required by law; 3. to encourage such act or omission. When the law prohibits, in express terms, the transaction in respect to which the condition is ... WebA condition must be future and uncertain and a past event unknown to the parties. Moreover, there are two principal kinds of condition such as: a) suspensive condition, or the fulfillment of which will give rise to an obligation; and b) resolutory condition, or the …
WebFeb 6, 2024 · Resolutive and suspensive conditions are widely used in the drafting of contracts, but it is an especially well-known phenomenon in contracts of sale. Employment contracts, however, also often contain …
WebDec 26, 2024 · A simple promissory note to pay certain amount within a certain period is an example of a pure obligation. A conditional obligation is one the fulfillment of which is a subject to a certain condition which may be an event, which may or may not happen. It … shoney scientific incWebSep 7, 2024 · The study of conditional obligations has been animated by a stock of paradoxes. The “gentle murder” paradox, for example, involves a tempting inference known as “factual detachment.” If you are going to murder someone, then you must do it gently. … shoney rewardsWebAug 21, 2014 · Study now. See answer (1) Copy. Pure obligation is when one acts without any condition mandated by law. An example of pure obligation is, "I will give you this car." Wiki User. ∙ 2014-08-21 12: ... shoney springfield moWebSample 1 Conditional Obligations. Notwithstanding any other provision contained herein, the obligations assumed by the Corporation under this Agreement shall be conditioned upon its receipt of an executed duplicate original of this Agreement and complete … shoney s restaurantWebA conditional contract, also called a hypothetical contract, is a contract agreement that only requires performance once the delineated conditions are met. This legal agreement requires prior performance of another agreement or clause in order to be enforceable. If the other agreement or condition is performed, then the conditional contract is ... shoney windWebConditional Obligation. Stockholder acknowledges and agrees that Merger Subsidiary ’s obligation to accept shares of Company Stock tendered in the Offer, including any Subject Shares tendered by Stockholder, is subject to the terms and conditions set forth in the … shoney stuffed bearWebSep 8, 2024 · Conditional Obligation: Classifications of Conditions • (1) As to effect – Suspensive and Resolutory • (a) Suspensive — if condition is fulfilled, the obligation arises. • Rules in case of loss, deterioration or improvement of the thing during the pendency of the condition: • Improvement if partly by nature and partly at the expense ... shoney waseca