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WebDefinition of obligations and contracts. The Law on Obligations andContractsis the study of the body. (2) Personal obligation(obligation to do or not to do) or that in which the … Weblaw is to protect the interest of the obligee should the obligor commit delay, purposely or otherwise, in the fulfi llment of his obligation. 3. In case of rescission, the parties are under “obligation to return the things which were the object of the contract, together with their fruits and the price with its interest.’’ C. cremation allentown
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