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What is the date on which a cash dividend becomes a binding legal obligation?
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∙ 12y ago
Date of declaration
Wiki User
∙ 12y ago
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What is the legally bound obligation to pay debts called?
The legal obligation of a business to pay a debt is called an:
If seller accepts check and cashes check for purchase of a house is this binding?
In the United States, all contracts for real property must be in writing to be legal. Different states have other provisions. If the seller cashed a check without any signed paperwork attached, it may not be binding. If the seller cashed the check and there was signed paperwork, and it was legal under the laws of that area, it probably was binding.
What is the difference between a corporate guarantee and letter of comfort?
Corporate Guarantee bind under legal obligation in absense of fullfill the commitment of risk/obligation by subsidary company. A comfort letter is an amorphous obligation and is typically given in a situation where a parent company is unwilling to give a guarantee in respect of a subsidiary's liability.
How can a 17-year-old get a personal loan?
You can't. No contract is legal and binding until the contract holder is of legal age to which is 18. No bank or corporation can legally enter into such an agreement with a minor. It would have to be very personal, such as a relative or friend of the family who understood that the loan would not be a binding legal agreement. Although this stipulation does not apply in every situation pertaining to financial transactions by an underaged person.
What is the Concept of legal capacity?
The concept of legal capacity is the power provided under law to a natural person or a juridical person to enter into binding contracts. It allows a person to sue and be sued in their own name.
What does obligation?
An obligation is something you are bound by duty to do. It could be a legal obligation arising from a contract, in which a person has promised to do a certain thing as a part of the contract. It could be a moral or ethical obligation which could arise as a result of a promise which is not legally binding, or from a relationship. E.g. "You said you'd visit the sick and elderly after church and you have an obligation to follow through." "I feel that, as a friend, I have an obligation to attend her funeral." "It's your obligation to take care of your brother's widow and children."
Final administrative rules do not have binding legal effect?
false! they do have binding legal effects
If a promise clearly makes a moral obligation than does the law make it a legal obligation?
Not necessarily. Morals are, by definition, more subjective than the law. You may have a moral obligation to do something for which there is no legal punishment available at all. Maybe you have a moral obligation to give your children presents as your money may permit, but there is no legal obligation to give them more than the necessaries, even if you are filthy rich. In other cases you may have a moral obligation that merely creates a separate and distinct legal obligation. For example, you may have a moral obligation to perform services on a contract, but you cannot be physically forced to actually perform. The only "legal obligation" would be to pay for damages caused by your failure to perform, if any. Therefore, even if there is a legal obligation stemming from such a moral obligation ("you gave your word"), they are not the same obligation.
What is a binding decision?
Bind or binding means to impose one or more legal duties on a person or institution. For example, the parties are bound by the terms of the contract; the courts are bound by precedents. The words to bind or binding are also used to signify that a thing is subject to an obligation, engagement or liability; to indenture; to legally obligate to serve. See below link:
What is an obligation ex lege?
This is when you are under a legal obligation to do or not to do an act. i.e. obligated by law.
Is your partner legally divorced from you if he signed his divorce decree using a nickname and not his legal name?
A legal principle called "estoppel" bars people from using subterfuge to escape contractual obligation: had he signed "mickey mouse", it would still be considered a legally valid, binding document!
When does a lease become legal?
When the parties thereto come to an agreement as to usage, time, money and any other relevant conditions of tenure. It is also binding if the Landlord offers the premises and the offer is accepted by the Tenant..... even though the conditions still have to be reduced to writing, and all signatures have been authorized on the agreement
Is it proper to cite a legal encyclopedia in legal writing?
Yes, it is generally acceptable to cite a legal encyclopedia in legal writing as a secondary source to provide background information or general explanations on legal topics. However, primary legal sources like statutes and case law should be given precedence in legal writing.
Is it true that if a consumer does not make the first payment in 30 days they are not obligated to the contract and can return the vehicle?
No, once the contract is signed by all the involved parties it becomes legal and binding.
What Legal obligation do i have when running over a cat?
As far as I know, there is no legal obligation. However, you have a moral obligation to find the owners, apologize to them, and offer to pay for the cat's burial/cremation. You'd have to be a pretty horrible person not to do that.
What is the legal definition of obligation?
Anything that you have to do by law. To drive a car, by law you must have a license. It is a legal obligation. You are legally obliged to have a driving license to drive a car.
What are the different kind of obligations?
what are the different kinds of obligation
