perfect obligation

perfect obligation
An obligation the performance of which is not dependent upon the will or conscience of the obligor but is a matter of legal right. Edwards v Kearzey, 96 US 595, 24 L Ed 793.

Ballentine's law dictionary. . 1998.

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  • perfect or perfected — Complete; finished; executed; enforceable; without defect; merchantable; marketable. Brought to a state of perfection. As to perfect equity perfect obligation perfect ownership perfect title perfect usufruct, see those titles perfection of… …   Black's law dictionary

  • obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… …   Black's law dictionary

  • perfect title — A title that is clear, there being no reasonable doubt as to any fact or point of law upon which validity d0pends. 55 Am J1st V & P § 149. A title free from litigation, palpable defects, or grave doubts, consisting of both legal and equitable… …   Ballentine's law dictionary

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  • perfected — perfect or perfected Complete; finished; executed; enforceable; without defect; merchantable; marketable. Brought to a state of perfection. As to perfect equity perfect obligation perfect ownership perfect title perfect usufruct, see those titles …   Black's law dictionary

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