Obligor

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Obligor \Ob`li*gor"\, n.
     The person who binds himself, or gives his bond to another.
     --Blackstone.
     [1913 Webster]

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:



  OBLIGOR or DEBTOR. The person who has engaged to perform some obligation. 
  Louis. Code, art. 3522, No. 12. The word obligor, in its more technical 
  signification, is applied to designate one who makes a bond. 
       2. Obligors are joint and several. They are joint when they agree to 
  pay the obligation jointly, and then the survivors only are liable upon it 
  at law, but in equity the assets of a deceased joint obligor may be reached. 
  1. Bro. C. R. 29; 2 Ves. 101; Id. 371. They are several when one or more 
  bind themselves each of them separately to perform the obligation. In order 
  to become an obligor, the party must actually, either himself or by his 
  attorney, enter into the obligation, and execute it as his own. If a man 
  sign and seal a bond as his own, and deliver it, he will be bound by it, 
  although his name be not mentioned in the bond. 4 Stew. R. 479; 4 Hayw R. 
  239; 4 McCord, R. 203; 7 Cowen; R. 484; 2 Bail. R. 190; Brayt. 38; 2 H. & M. 
  398; 5 Mass. R. 538; 2 Dana, R. 463; 4 Munf. R. 380; 4 Dev. 272. When the 
  obligor signs between the penal part and the condition, still the latter 
  will be a part of the instrument. 2 Wend. Rep. 345; 3 H. & M. 144. 
       3. The execution of a bond by the obligor with a blank, and a verbal 
  authority to fill it up, and it is afterwards filled up, does not bind the 
  obligor, unless it is redelivered, or acknowledged or adopted. 1 Yerg. R. 69 
  149; 1 Hill, Rep. 267; 2 N. & M. 125; 2 Brock. R. 64; 1 Ham. R. 368; 2 Dev. 
  R. 369 6 Gill. & John. 250; but see contra, 17 Serg. & R. 438; and see 6 
  Serg. & Rawle, 308; Wright, R. 742.