Legal Bond

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A Legal Bond is a set of obligations that connects contractors to their contractual agreements.



References

2016

  • (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/
    • Justinian first defines an obligation (obligatio)[1] in his Institutiones, Book 3, section 13 as "a legal bond, with which we are bound by necessity of performing some act according to the laws of our State."[2] He further separates the law of obligations into contracts, delicts, quasi-contracts, and quasi-delicts.

      Nowadays, obligation, as applied under civilian law, means a legal tie (vinculum iuris) by which one or more parties (obligants) are bound to perform or refrain from performing specified conduct (prestation).[3] Thus an obligation encompasses both sides of the equation, both the obligor's duty to render prestation and the obligee's right to receive prestation. It differs from the common-law concept of obligation which only encompasses the duty aspect.

      Every obligation has four essential requisites otherwise known as the elements of obligation. They are:

  1. the obligor: obligant duty-bound to fulfill the obligation; he who has a duty.
  2. the obligee: obligant entitled to demand the fulfillment of the obligation; he who has a right.
  3. the subject matter, the prestation: the performance to be tendered.
  4. a legal bond, the vinculum juris: the cause that binds or connects the obligants to the prestation.

  1. Albanese, Bernardo. “Papimano e la definizione di obligatio in J, 3, 13, pr." (1984) 50 SDHI 166 sqq.
  2. Justinian. “Institute." Trans. John B. Moyle. (Oxford: Oxford University Press. 1889) at 132
  3. BAUDOUIN, J.-L., P.-G. JOBIN, & N. VÉZINA, Les Obligations, 6th edn. (Cowansville: Éditions Yvon Blais, 2005), 19.