What is the term for an obligation that can be enforced by successors of the original parties?

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Prepare for the Louisiana Notary Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term "heritable obligation" refers to a type of obligation that can be enforced by successors of the original parties involved in the obligation. This means that if one of the parties dies or transfers their rights or responsibilities, those obligations can still be enforced by the heirs or successors. This characteristic is crucial in both personal and commercial relations, where the continuity of obligations is important.

In contrast, obligations that are considered personal are generally limited to the parties that originally entered into them and cannot be enforced by their successors. Transferable obligations may imply that rights can be transferred, but they do not inherently include the aspect of enforcement by successors in the same manner as heritable obligations. Conditional obligations depend on the occurrence of a specific event; thus, their enforceability is contingent rather than definitive. Each of these terms describes different qualities of obligations, but heritable obligation specifically addresses the aspect of enforceability upon successors, underscoring its importance in legal and estate matters.