See Also: MORAL OBLIGATION(law)
Moral obligation bond(money)
Moral obligation bond(finance)
moral(dictionary)
moral(2)(dictionary)
moral(1)(dictionary)
Moral(medicine)
Moral hazard(finance)
Moral suasion(finance)
moral psychology(encyclopedia)

MORAL OBLIGATION (law)


MORAL OBLIGATION. A duty which one owes, and which he ought to perform, but which he is not legally bound to fulfill. which he is not legally bound to fulfill. 2. These obligations are of two kinds 1st. Those founded on a natural 2. These obligations are of two kinds 1st. Those founded on a natural right; as, the obligation to be charitable, which can never be enforced by right; as, the obligation to be charitable, which can never be enforced by law. 2d. Those which are supported by a good or valuable antecedent law. 2d. Those which are supported by a good or valuable antecedent consideration; as, where a man owes a debt barred by the act of limitations, consideration; as, where a man owes a debt barred by the act of limitations, this cannot be recovered by law, though it subsists in morality and this cannot be recovered by law, though it subsists in morality and conscience; but if the debtor promise to pay it, the moral obligation is a conscience; but if the debtor promise to pay it, the moral obligation is a sufficient consideration for the promise, and the creditor may maintain an sufficient consideration for the promise, and the creditor may maintain an action of assumpsit, to recover the money. 1 Bouv. Inst. n. 623. action of assumpsit, to recover the money. 1 Bouv. Inst. n. 623.