California Civil Code 1427 – An obligation is a legal duty, by which a person is bound to do or …
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An obligation is a legal duty, by which a person is bound to do or not to do a certain thing.
(Enacted 1872.)
Terms Used In California Civil Code 1427
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.