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That it was wrong and they had an obligation to change it.
The costs of building schools and sewers, for example, are paid for through general obligation bonds.
No, it's not in any way an obligation
General Obligation bonds are secured by "taxes" primarily, whereas revenue bonds are secured by the "income" from the issuer of that particular bond.
Nope
Maturity, more money, and looking for Dad
Municipal bonds are either general obligation or revenue bonds.
Contact the Attorney General Office
Debt Service
general obligation derived from the system of free enterprise that holds that parties must be able to count on the actions of other agents with whom they interact?
be honest and fair in all business
No, not all contracts are obligations, because not all contracts are enforceable. In general, a lawfully entered contract does create obligations for both parties who enter it and agree to its terms. Once the terms of the contract are completed, the obligation ends.