Understanding Joint and Several Obligations & Extinction
Classified in Law & Jurisprudence
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Joint Obligations Explained
In the case of multiple debtors and one creditor, the creditor can only claim each debtor's proportional share of the debt. Conversely, with multiple creditors and one debtor, each creditor can only claim their proportional share of the credit from the debtor.
Joint and Several Obligations Defined
When there are multiple debtors and one creditor, the creditor can claim the entire credit from any single debtor. The debtor who pays the full amount is then entitled to seek compensation from the remaining debtors.
If there are multiple creditors and one debtor, each creditor can claim the entire credit from the debtor, who only has to pay once. The creditor who receives the full credit is then obligated to distribute the