{"id":11949,"date":"2018-01-09T22:18:14","date_gmt":"2018-01-09T22:18:14","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=11949"},"modified":"2018-01-11T21:29:24","modified_gmt":"2018-01-11T21:29:24","slug":"obligor","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=11949","title":{"rendered":"Obligor – a person who has undertaken an obligation; a promisor or debtor"},"content":{"rendered":"

\u00a0\u00a0\u00a0 This page is continued from Types of Legal Instruments<\/a> >>>> Bonds<\/a> >>>> Legal Terms pertaining to Bonds<\/a>:<\/strong><\/span><\/p>\n

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obligor<\/span>:<\/strong><\/span>
\n(16c)<\/span><\/p>\n

1. Someone who has undertaken an obligation<\/a>; a promisor or debtor. UCC \u00a7 9-102(a)(59). <\/span><\/strong><\/p>\n

2. Under the Uniform Interstate Family Support Act, any person who owes a duty of support. <\/span><\/strong><\/p>\n

3. <\/strong>Archaic. <\/em>Someone who obliges another to do something<\/strong>; OBLIGEE (1). [1]<\/span><\/p>\n

1. A promisor.\u00a0 One who has incurred an obligation<\/a> to another.\u00a0 The person, natural or artificial, liable on a bond.\u00a0 Within the meaning of the Uniform Reciprocal Enforcement of Support Act: \u2014 any person owing a duty of support. Uniform Reciprocal Enforcement of Support Act \u00a7 2(g)<\/span>.<\/strong> [2]<\/span><\/p>\n

1. The person who owes an obligation<\/a> to another; a promisor.<\/strong> [3]<\/span><\/p>\n

Specific Types of Obligors:<\/span><\/strong><\/p>\n

principal obligor<\/span><\/span><\/strong><\/span><\/a> – someone who is under a duty of indemnity<\/a>.<\/strong><\/span><\/p>\n

joint obligor<\/span><\/span><\/span><\/a> – person liable<\/a> with one or more others on a negotiable instrument<\/a> or a contract<\/a>; a person liable<\/a> on a joint obligation or a joint and several obligation. <\/strong>\u2014 aka coobligor<\/em><\/strong><\/span>.
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References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a><\/span><\/strong>.<\/strong><\/p>\n

[1]: Black\u2019s Law Dictionary\u00a0Deluxe Tenth Edition\u00a0by Henry Campbell Black & Editor in Chief Bryan A. Garner<\/a>. ISBN: 978-0-314-62130-6<\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law Dictionary\u00a0<\/a><\/span><\/strong>with Pronunciations
\n<\/span><\/em>Third Edition<\/span><\/strong><\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]: Ballantine’s Law Dictionary <\/a><\/span><\/strong>Legal Assistant Edition<\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

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