Obligor sentence example
- American law is in general agreement with English, except in the case of Louisiana, where the terms obligor and obligee are used in as wide a sense as the debitor and creditor of Roman law.
- 3522 of the Louisiana civil code obligor or debtor means the person who has engaged to perform some obligation, obligee or creditor the person in favour of whom some obligation is contracted, whether such obligation be to pay money or to do or not to do something.
- As bankers we are primarily concerned with our exposure to the original obligor.
- The party bound is still called the obligor, the party in whose favour the bond is made the obligee.