What legal term indicates that an obligation can be transferred or inherited?

The term that indicates an obligation can be transferred or inherited is "heritable." In legal contexts, heritable obligations refer to rights and duties that can pass from one party to another, particularly upon death or in the context of inheritance. This characteristic is crucial in property law and estate planning, as it allows for the continuation of certain obligations, such as debts or contracts, beyond the life of the originator.

Understanding why this is the correct choice also involves recognizing the nuances of other terms. "Personal" obligations are those that are specific to an individual and typically do not transfer to others. "Transmissible" can be associated with the idea of something being passed on, but within specific contexts, it may not cover all facets of obligations as thoroughly as "heritable." "Indivisible" refers to obligations that cannot be broken down or separated into parts, which does not apply to the concept of being transferable or inheritable.

In summary, heritable clearly encompasses the idea that obligations can be passed down or transferred, making it the most precise legal term for this situation.