alternative Obligation

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• alternative obligation — An obligation allowing the obligor to choose which of two things he will do, the performance of either of which will satisfy the instrument. A promise to deliver a certain thing or to pay a specified sum of money is an example of this kind of… …   Black's law dictionary

• alternative obligation — An obligation allowing the obligor to choose which of two things he will do, the performance of either of which will satisfy the instrument. A promise to deliver a certain thing or to pay a specified sum of money is an example of this kind of… …   Black's law dictionary

• obligation — ob·li·ga·tion /ˌä blə gā shən/ n 1: a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment); also: the binding power of such an agreement or indication held that the amendment did not… …   Law dictionary

• alternative — al·ter·na·tive 1 /ȯl tər nə tiv, al / adj 1: alternate (1) 2: offering or expressing a choice an alternative contract see also alternative pleading at …   Law dictionary

• obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… …   Black's law dictionary

• obligation — [ ɔbligasjɔ̃ ] n. f. • 1235; lat. jurid. obligatio, de obligare 1 ♦ Dr. Lien de droit en vertu duquel une personne peut être contrainte de donner, de faire ou de ne pas faire qqch. (⇒ créancier, 1. débiteur). Obligation alimentaire. (lat. in… …   Encyclopédie Universelle

• alternative relief — Remedies sought in a lawsuit in various forms or in the alternative, such as a demand for specific performance of a contract or monetary damages to compensate for the failure to perform the obligation, or both. Dictionary from West s Encyclopedia …   Law dictionary

• Alternative medicine — Alternative medical systems …   Wikipedia

• Alternative Risk Transfer — (often referred to as ART) is the use of techniques other than traditional insurance and reinsurance to provide risk bearing entities with coverage or protection. The field of ART grew out of a series of insurance capacity crises in the 1970s… …   Wikipedia

• alternative — [adj] other, alternate another, back up, different, flipside, other side, second, substitute, surrogate; concept 564 alternative [n] possible choice back up, druthers*, opportunity, option, other, other fish in sea*, other fish to fry*, pick,… …   New thesaurus

• alternative — 1. alternative [ altɛrnativ ] n. f. • 1401; de alternatif 1 ♦ Vx (au sing.) Alternance. ♢ Mod. (au plur.) Phénomènes ou états opposés se succédant régulièrement. « Des alternatives [...] d exaltation et d abattement » (Flaubert ). 2 ♦ (XVIIe)… …   Encyclopédie Universelle