The Law of Obligations Sample Clauses

The Law of Obligations. Roman Foundations of the Civilian Tradition. Published to Oxford Scholarship Online. DOI:10.1093/acprof:oso/9780198764267.001.00001.
Sample 1
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The Law of Obligations. The Obligations of The Parties In Danish and Norwegian law the law of obligations is regulating the obligations of a debtor to a creditor, and what remedies the creditor can claim in case of debtors non- performance. The law of obligations is divided into general rules and specific rules15. The general rules deals with all indebtedness, like the Contracts Acts, and the method to solve a dispute is to; 1) determine the cause of action – is there a value agreement, 2) determine the obligation – what are the promises, and 3) the question of non-performance. The specific rules are rules for specific types of deals, like the Sale of Goods Act etc. The thesis will deal with the general rules to discuss these problems. In Danish and Norwegian law the obligation for a debtor can exist in paying money or in something else but money, for example services etc. Both obligations must be performed in the right place, at the right time and in the right condition. These conditions are normally regulated in the ship management contract, but sometimes the standard form of contract are not filled out clearly, and must therefore be supplemented by the legal background. The law of agency also regulates the internal relationship between the manager and the owner in ship management. This is the case because the manager acts as intermediary for the owner, by having the daily operation of the ship.
Sample 1

Related to The Law of Obligations

  • Scope of Obligations 3.11.1 Notwithstanding anything to the contrary contained herein, AT&T-21STATE’s obligations under this Agreement shall apply only to:

  • Survival of Obligations Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction.

  • Extent of Obligations The Parties shall ensure that all necessary measures are taken in order to give effect to the provisions of this Agreement in their respective territories, including ensuring that their respective regional and local governments and authorities, and non- governmental bodies in the exercise of governmental powers delegated to them by central, regional and local governments or authorities observe all obligations and commitments under this Agreement.

  • Fulfilment of Obligations The Parties shall take any general or specific measures required to fulfil their obligations under this Agreement.

  • Nature of Obligations Nothing contained herein shall create or require the Bank to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Bank hereunder, such right shall be no greater than the right of any unsecured general creditor of the Bank.

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • SURVIVAL OF OBLIGATION Termination of this ESA for any reason shall not relieve the Town or the Competitive Supplier of any obligation accrued or accruing prior to such termination.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Suspension of obligations Without prejudice to the foregoing, so long as a Party shall be in default in payment or performance to the other Party under the Agreement and the other Party has not exercised its rights under this Section 8, or, if "Adequate Assurances" is specified as applying to the Agreement in Part XI of the Schedule, during the pendency of a reasonable request to a Party for adequate assurances of its ability to perform its obligations under the Agreement, the other Party may, at its election and without penalty, suspend its obligation to perform under the Agreement.

  • No Breach of Obligations The Developer shall not be considered to be in breach of its obligations under this Agreement nor shall it incur or suffer any liability if and to the extent performance of any of its obligations under this Agreement is affected by or on account of any of the following:

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