For instance, the term ‘obligation’ in the singular or ‘obligations’ in the plural is univocal
when it refers to what one party has agreed to perform under the terms of an agreement. In this
sense, the positive counterpart of the obligation is the right (‘rights and obligations’), that is to
say what the creditor is entitled to receive from the debtor. This is a classical view of the term
‘obligation’ seen as ‘a tie which exists between at least two individual persons which enables
one person to request something from the other’1
. The obligation should therefore be perceived
as including a legal tie, a legal tie between at least two persons and a coercitive power enabling
the enforcement of the obligation. It should be distinguished from the chose in action which is
‘the anticipation of the objective economic result expected from the performance of the
obligations’2
. In this context, it would seem preferable to focus on the term ‘obligation’