reminder and terminology Flashcards
1
Q
Who is referred to as the obligee or creditor in the law of obligations?
A
Person A — the one who has a right or to whom an obligation is owed.
2
Q
Who is referred to as the obligor or debtor in the law of obligations?
A
Person B — the one who has a duty or owes an obligation to perform.
3
Q
How is A’s right treated in terms of property or assets?
A
A’s right is an asset — an item of property they own (specifically, the right to receive performance from B).
4
Q
What entities can be considered a ‘person’ in legal terms?
A
A legal person can be a human being, a company, or another entity with legal personality (such as a partnership, council, or government body).
