 | Cornelius Walford - Insurance - 1871 - 648 pages
...pay a certain sum of money, called the penalty, to another (the obligee) at a day appointed. There is a condition added that if the obligor does some particular act the obligation shall be void ; otherwise shall remain in full force. Annuities are often secured under bonds of this character —... | |
 | Gaius - Includes index - 1871 - 588 pages
...the debtor alone or the debtor and sureties. It consists of an obligatory part or penal clause, and a condition added, that if the obligor does some particular act the obligation shall be void, but else shall remain in full force. Contracts of Record are either Recognizances or Judgment debts.... | |
 | Cornelius Walford - Insurance - 1871 - 736 pages
...French to tina^. — ln Law a deed whereby the obligor, or party binding himself, obliges himself, his heirs, executors, and administrators to pay a certain sum of money, called the penalty, to another (the obligee) at a day appointed. There is a condition added that if... | |
 | Cornelius Walford - Insurance - 1871 - 658 pages
...French to bind].— In. Law a deed whereby the obligor, or party binding himself, obliges himself, his heirs, executors, and administrators to pay a certain sum of money, called the penalty, to another (the obligee) at a day appointed. There is a condition added that if... | |
 | Cornelius Walford - Insurance - 1871 - 652 pages
...the French to bind\ — In Law a deed whereby the obligor, or party binding himself, obliges himself, his heirs, executors, and administrators to pay a certain sum of money, called the penalty, to another (the obligee) at a day appointed. There is a condition added that if... | |
 | William Blackstone, David Mitchell Aird - Law - 1873 - 386 pages
...declares himself bound to pay a certain sum of money to another on the day specified ; but there is a condition added, that if the obligor does some particular act the obligation shall be void. A Bill of Exchange is a negotiable instrument or security used among merchants and others for the more... | |
 | Richard Hallilay - Law - 1873 - 216 pages
...seamen dying at sea. 0. OBLIGATION. An obligation or bond is a deed whereby a person obliges himself his heirs, executors, and administrators, to pay a certain sum of money, or to do some other act on a given day; he who so agrees to pay the money or do the act is termed the... | |
 | Samuel Orchart Beeton - Commerce - 1873 - 304 pages
...miles. UOND. A bond, or obligation, is a deed whereby the obligor, or person bound, binds himself, his heirs, executors, and administrators, to pay a certain sum of money, or do some other act; and there is generally a condition added that, if he do perform such act, the... | |
 | Archibald Brown - Law - 1874 - 510 pages
...similar effect. OBLIGATION (obUgatio). An obligation or bond is a deed whereby a person obliges himself, his heirs, executors, and administrators, to pay a certain sum of money to another at an appointed day : and he who so obliges himself, or enters into Buch a b.ind, is termed the obligor,... | |
 | Virginia. Supreme Court of Appeals - Law reports, digests, etc - 1874 - 1042 pages
...appellant. Gilmore, for the appellee. STAPLES, J. A bond is a deed whereby the obligor promises to pay a certain sum of money to another at a day appointed. 2 Black. Com. 346. An obligor and obligee are essential to the existence and constitution of snch an... | |
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If this be all, the bond is called a single one, simplex obligatio ; but there is generally a condition added, that if the obligor does some particular act, the obligation shall be void, or else shall remain in full force: as, payment of rent; performance... 
