Obligation to pay back your monetary debt. What kind of obligation is involve here?

Business Its Legal Ethical & Global Environment
10th Edition
ISBN:9781305224414
Author:JENNINGS
Publisher:JENNINGS
Chapter13: Contracts And Sales:performance And Remedies
Section13.3: Nonperformance And Nonpayment—the Collection Remedies
Problem 2CQ
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Obligation to pay back your monetary debt. What kind of obligation is involve here? 

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