Joint obligation is when two or more people are responsible for doing something together . It can be a legal or moral duty, like paying back a loan or taking care of a child. Sometimes, one person can do the task alone, but in joint obligation, everyone has to work together to get it done.
(3) An obligation is joint when the debtors are bound to perform the obligation together and the creditor may require performance only from all of them together ... |
In joint obligation contracts, all parties have equal responsibility for the contract's obligations and they also share equally in the contract's benefits. |
The amount or value of any consideration received by the obligee from one or more of several obligors, or from one or more of joint or of joint and several ... |
Оценка 5,0  (3) 11 нояб. 2023 г. · DEFINITIONS: • JOINT OBLIGATION - An obligation where there is a concurrence of several creditors, or of several debtors, or of several ... |
Оценка 5,0 (3) A joint obligation is one where the whole obligation is to be paid or fulfilled proportionately by the different debtors and or is to be demanded ... |
Joint Obligation– where the whole obligation is to be paid or fulfilled proportionately by the different debtors and demanded proportionately by the different ... |
If parties have joint liability, then they are each fully liable for the performance of the relevant obligation. Performance by one discharges the other. Joint ... |
Joint Liability: Overview and Examples in Corporate Debt www.investopedia.com › ... › Corporate Debt
18 февр. 2024 г. · Joint liability denotes the obligation of two or more partners to pay back a debt or be responsible for satisfying a liability. |
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