BUSINESS AND COMPETITION|accounting
- oibleagáid Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- obligation
- en
- Definition duty or responsibility to act or perform in a certain way Reference IASCF, Key term list
- Comment Obligations may be legally enforceable as a consequence of a binding contract or statutory requirement. Obligations also arise, however, from normal business practice, custom and a desire to maintain good business relations or act in an equitable manner.