What are the 5 sources of obligation?

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2026-08-02 07:45

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The five sources of obligation in legal contexts typically include statutes, contracts, torts, property law, and equitable duties. Statutes are laws enacted by legislatures, while contracts arise from agreements between parties. Torts involve obligations arising from wrongful acts that cause harm to others, property law governs rights related to ownership, and equitable duties stem from principles of fairness and justice. Together, these sources create the framework for legal obligations and responsibilities within society.

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