answersLogoWhite

0


Best Answer

Idea that both parties of a contract must be bound for contract to be enforceable

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is Mutuality of obligation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What criteria does the NLRB consider when determining weather an appropriate unit of employees has a substantial mutuality of interest?

The criterion that the NLRB considers when determining weather an appropriate unit of employees has a substantial mutuality of interest is the Appropriate unit.


What is the relationship between the caterpillar and leaf?

they have mutuality relationship


How do you make a perfect contract?

If by perfect you mean unable to be legally challenged, I don't think that is possible. If by perfect you mean it meets all of the legal requirements for being a contract, the requisites for formation of a legal contract are an offer, an acceptance, competent parties who have the legal capacity to contract, lawful subject matter, mutuality of agreement, consideration, mutuality of obligation, and, if required under the Statute of Frauds, a writing. If you really don't want to be sued, hiring a competent lawyer now will save you a lot of time, hassle and money in the future.


What has the author Jacqueline Cook written?

Jacqueline Cook has written: 'Mutuality and corporate governance'


What are Barnhill's 5 dimensions of family systems?

individuality, mutuality, flexibility, stability, communication and roles


What are the kinds of obligation?

1.PuRe oBliGAtIon 2.cOnDItIonAl oBligAtiOn 3.oBliGatIon wItH a pErIod4.aLtErnAtiVe obLIgAtiOn 5.facultatIve oBliGatIon 6.jOiNt oBliGatIon7.sOlIdAry oBliGAtiOn 8.dIvIsiBle obLigAtion 9.inDiViSiBle oBLigAtion10.oBlIGatIOn wIth a pEnaL cODe


Words that end in -ity?

Some words that end in -ity are: morality, integrity, atrocity, authority, capability, mutuality


How is obligation extinguished?

Obligation is extinguished by fulfilling the obligation as promised or as required.


What is the example of conditional obligation?

A conditional obligation is obligation with a condition. ex... I will support your studies in college if Mr. A dies.


A word for something owned to another?

debt, obligation, duty, responsibilitydebt, obligation, duty, responsibilitydebt, obligation, duty, responsibilitydebt, obligation, duty, responsibility


What would describe a relationship in which the partners experience coalescence while remaining identifiable individuals?

Coalescence: to come together in one mass? I like to describe a relationship as a bond based on mutuality and intimacy, in which neither partner ever loses his/her individuality. Read more about 'mutuality and intimacy' in Meyer's "Marriages, Shack-ups and Other Disasters."


What is a conditional obligation?

A conditional obligation is an obligation that is only triggered if a certain condition or event occurs. This means that the obligation to perform or fulfill the duty is dependent on the specified condition being met. If the condition is not satisfied, the obligation may not need to be fulfilled.