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From The Collaborative International Dictionary of English v.0.48:
Obligable \Ob"li*ga*ble\, a. Acknowledging, or complying with, obligation; trustworthy. [R.] [1913 Webster] The main difference between people seems to be, that one man can come under obligations on which you can rely, -- is obligable; and another is not. --Emerson. [1913 Webster]