What does obliged mean in law?

An obligation is a legal obligation which means that there will be some kind of penalty if you do not do the thing that the obligation is about. An obligation is not only a legal obligation, but it can also be a moral obligation. If you fail to perform an obligation, then it can be both a criminal and civil matter.

What does obligated mean in criminal law?

The legal term obligated is used in the context of criminal law. It means to owe a debt A debt is money you owe to another person. So, when you break the law, you owe a debt to the state, or to a county or a city. The amount of money you owe is the fine or the amount you must pay to have the criminal charge against you expunged. What if you break the law and owe no fine? You still owe a debt to the state because

What does obligated mean in a contract?

The word obligated is a term of art within the field of contracts. When you enter into a legally binding agreement, you must do something to further the goals of the other party. If the other party agrees to pay you money in exchange for your work, then the act of paying you is an obligation on the other party’s part.

What does obligated mean in law?

A legal obligation is a term of art that refers to a situation in which one party is required to perform a specific act under the authority of a legal obligation. Obligation can arise for example from a contract, a tort or a statute. Obligation is a neutral term. It does not describe whether the action is good or bad. Obligation is a term of art in the law and does not describe whether the action is just or right.

What does obligated mean in insurance?

When you insure your home, your insurer typically requires you to pay a premium. In return, you're given a policy that provides certain rights and coverage in the event something happens. The insured party is legally obligated to pay the sum up to the amount of the policy, less any deductions or expenses the insurance company incurs. That means the insurance company is obligated to pay the remaining amount.