In business contracts, are the obliger (the one who owes duty) and the obligee (the one who is receiving the duty) interchangeable? For example, lets say Alex co. contracts with Bay to build a house for Bay for $500,000...Alex is owes Bay a house, so he is the obliger, and Bay is receiving the house, so he is the obligee...On the other hand, Bay owes Alex money, so he is also the obliger...right?
2007-08-22 19:02:35 · 3 answers · asked by mma 1 in Politics & Government ➔ Law & Ethics
For any given instance of consideration, there is one obligor and one obligee -- in other words, for each duty owed, the roles are fixed.
However, given that mutual consideration is required in a contract, each party is an obligor for their duties and obligations, and each party is an obligee (recipient) of what the other party provides.
Your example is correct. Alex is the obligor for the house. Bay is the obligor for the money.
2007-08-22 19:18:54 · answer #1 · answered by coragryph 7 · 0⤊ 0⤋
A contract has to be a two-way exchange. So there should be an obliger and obligee for each half of the transaction.
2007-08-23 02:29:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You need to talk to a lawyer. Any answer you get here might not be valid in your state.
2007-08-23 02:42:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋