conjunctive obligation

An obligation composed of multiple performances that can be separately rendered or enforced; esp., an obligation in which several objects are connected by and (not or) or are in some other way clearly meant to be separately included in the contract.

• For example, a loan agreement’s conjunctive obligation may require payment of four loan installments and delivery of a deed of trust. Each loan installment and the deed’s delivery is a separate, enforceable performance.

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词条贡献者

法律翻译Jane，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与私募及对冲基金设立有关的法律文件。