SayPro Contract and the law of obligations

Contract law forms part of the law of obligations. An obligation is a legal bond between two or more parties, obliging the obligor (the ‘debtor’) to give, do or refrain from doing something to or for the obligee . The right created by an obligation is personal , as opposed to a real right The words ‘creditor’ and ‘debtor’ apply not only in respect of a claim for money, but to a claim for anything else that is owed—whether unconditionally, conditionally, or in the future. If an obligation is enforceable by action in a court, it is a civil obligation, rather than the less common and unenforceable natural obligation. ‘The most important point’, in discussing the legal effect of contracts, is ‘the duty of the parties to perform their obligations’.Please visit our website at www.saypro.online Email: info@saypro.online Email: info@saypro.online Call: + 27 11 071 1903 WhatsApp: + 27 84 313 7407. Comment below for any questions and feedback. For SayPro Courses, SayPro Jobs, SayPro Community Development, SayPro Products, SayPro Services, SayPro Consulting, and SayPro Advisory visit our website to www.saypro.online