Legal Obligations: Definition, Types, Sources, Extinction
Classified in Law & Jurisprudence
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Legal Obligations: Definition & Elements
A mandatory legal relationship exists between two or more persons, where one can require the other to perform a certain prestation (performance).
Aspects of Legal Obligations
- Active: A person's right to require another to perform a specific benefit.
- Passive: The corresponding duty of another person to perform the required prestation.
Elements of Legal Obligations (3)
- Subjects: Can be natural or legal persons. The Creditor has the right to require the performance, and the Debtor must make the provision.
- Object: The benefit or behavior that the creditor has the right to demand from the debtor.
- Legal Link: The legal relationship connecting the two subjects, where one party must satisfy the creditor's benefit.