COMMERCIAL
LAW
CHAPTER 3
, 3.1 CONTRACT AS A
SOURCE OF
OBLIGATION
• 3.1.1 OBLIGATION
• Definition:
- A legal relationship
- That exists between parties to an
agreement
- Whereby the parties acquire personal r
against each other
- That entitle them to claim performance
/ or oblige them to prioritise that agree
• Obligation can oblige a person to do or
do something (omission)
LAW
CHAPTER 3
, 3.1 CONTRACT AS A
SOURCE OF
OBLIGATION
• 3.1.1 OBLIGATION
• Definition:
- A legal relationship
- That exists between parties to an
agreement
- Whereby the parties acquire personal r
against each other
- That entitle them to claim performance
/ or oblige them to prioritise that agree
• Obligation can oblige a person to do or
do something (omission)
