Obligation Definition

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Obligation
First we look at the meaning of Obligation. According to oxford dictionary, obligation is an action or sequence of actions to which a person is morally or legally bound [1].
In law domain, the law of obligation is one branch of private law, under the civil law legal system. According to law of obligation, obligation is referred to specific rights and duties and it deals with individuals’ creations, effects, and extinction. An obligation is a legal bond by which one or more parties are bound to act or refrain from acting. Therefore , the obligation imposed on the debtor 's obligation to perform, and at the same time creates a corresponding right to demand performance forces whom performance will be tendered.
But in financial domain, obligation is the liability to pay money to another party. [2]
In English definition and in law definition of obligation is
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According to the law, the reasonable person is not defined as an average person or not a typical person but reasonable person is a composite of the community's judgment as to how the typical community member should act in situations that might pose a threat of harm to the public.[5][6][7]

Malpractice
Malpractice is same as negligence. But it is strictly talk about professionals it is simply breach of either a standard of care or a standard of conduct by a member of professional.
In law domain, Malpractice refers to negligence or misconduct by a professional person, such as an engineer, a lawyer, a doctor, or an accountant. The failure to meet a standard of care or standard of conduct that is recognized by a profession reaches the level of malpractice when a client or patient is injured or damaged because of error. [8][9]
Simply professional malpractice is breaching the duty of care by professional and it liable to happen injuries to the client.

Obligation vs. Duty of
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