OBLIGEE or CREDITOR

Legal Dictionary -> OBLIGEE or CREDITOR

Search:

OBLIGEE or CREDITOR


OBLIGEE or CREDITOR, contracts. The person in favor of whom some obligation is contracted, whether such obligation be to pay money, or to do, or not to do something. Louis. Code, art. 3522, No. 11. 2. Obligees are either several or joint, an obligee is several when the obligation is made to him alone; obligees are joint when the obligation is made to two or more, and, in that event, each is not a creditor for his separate share, unless the nature of the subject or the particularity of the expression in the instrument lead to a different conclusion. 2 Evans' Poth. 56; Dyer 350 a, pl. 20; Hob. 172; 2 Brownl. 207 Yelv, 177; Cro. Jac. 251.

Terms of Use | Canadian Lawyers