question archive It refers to a joint obligation: * (A) One in which each debtor is liable for the entire obligation, and each creditor is entitled to demand the whole obligation
It refers to a joint obligation: * (A) One in which each debtor is liable for the entire obligation, and each creditor is entitled to demand the whole obligation
Subject:SociologyPrice:2.86 Bought3
It refers to a joint obligation: *
(A) One in which each debtor is liable for the entire obligation, and each creditor is entitled to demand the whole obligation.
(B) One in which either one of the parties is indispensable and the other is not necessary.
(C) One in which the obligation of one is a resolutory condition of the obligations of the other, the non-fulfilment of which entitles the other party to rescind the contract.
(D) One in which each of the debtors is liable only for a proportionate part of the debt and each creditor is entitled only for a proportionate part of the credit.
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(A) One in which each debtor is liable for the entire obligation, and each creditor is entitled to demand the whole obligation
An obligation is joint when the debtors are required to perform the obligation together and the creditor may demand for the performance from all of them. The failure to perform by one of the debtor in the joint obligation affects the obligation as a whole. The remaining debtors must meet the obligation of the remaining member. The debtors are therefore liable for the entire obligation.
