Obligations by Martin Hogg download in iPad, ePub, pdf
As for instance, when the action is barred by the act of limitation, a natural obligation is extinguished. Express or conventional obligations are those by which the obligor binds himself in express terms to perform his obligation.
Nuda pactio obligationem non parit. Taxes, too, are a form of obligation, and failing to meet them results in large fines or imprisonment. In a more technical meaning, it is a tie which binds us to pay or to do something agreeably to the laws and customs of the country in which the obligation is made.
In general equity will relieve against a penalty, on the fulfillment of the principal obligation. In omnibus obligationibus in quibus dies non ponitur, praesenti die debetur. In this sense an obligation is a mere duty. If you owe or will owe money to anybody, that is one of your financial obligations.
All contracts which are entered into under a law, become void under a contrary law. An absolute obligation is one which gives no alternative to the obligor, but he is bound to fulfill it according to his engagement. The obligation is real when real estate, and not the person, is liable to the obligee for the performance.