Asked by: Kendall Montoirobusiness and finance bankruptcy
What is a facultative obligation?
Last Updated: 25th March, 2021
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Just so, what is alternative obligation?
Alternative Obligation Law and Legal Definition. An obligation is alternative when two things are equally due, under an alternative. The obligor is bound to render only one of two or more items of performance.
Beside above, what is obligation with a period? Obligation with a Period. An obligation with a period is a kind of obligation wherein its performance is subject to a term or period, and can only be demandable when that period expires. Such period is 'a day certain' which must necessarily come, although it may not be known when.
In this regard, what is facultative compensation?
The facultative compensation is one of ways how the larger companies can fulfil their legal obligation to employ persons with disabilities. The facultative compensation relates to those employees who have more than 25 employees.
What are the kinds of obligation?
In legal terminology, there are several forms of obligation, including:
- absolute obligation.
- contractual obligation.
- express obligation.
- moral obligation.
- penal obligation.